Trust Co. of Oklahoma Has $776,000 Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Trust Co. of Oklahoma lifted its stake in Ingersoll Rand Inc. (NYSE:IR) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,578 shares of the industrial products company’s stock after acquiring an additional 614 shares during the quarter. Trust Co. of Oklahoma’s holdings in Ingersoll Rand were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $34,000. Eastern Bank bought a new position in shares of Ingersoll Rand in the third quarter valued at $42,000. UMB Bank n.a. increased its holdings in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Ingersoll Rand during the second quarter worth $57,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand in the third quarter valued at $65,000. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IR. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their price objective for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Barclays reduced their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by company insiders.

Ingersoll Rand Trading Up 0.2 %

IR stock opened at $94.28 on Thursday. Ingersoll Rand Inc. has a 52 week low of $78.36 and a 52 week high of $106.03. The company has a market capitalization of $37.99 billion, a PE ratio of 45.99, a price-to-earnings-growth ratio of 3.72 and a beta of 1.44. The company’s 50-day simple moving average is $96.68 and its 200 day simple moving average is $95.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.