New England Research & Management Inc. Has $1.33 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

New England Research & Management Inc. lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,712 shares of the industrial products company’s stock after selling 1,663 shares during the quarter. New England Research & Management Inc.’s holdings in Ingersoll Rand were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in Ingersoll Rand in the 3rd quarter valued at $34,000. Eastern Bank acquired a new stake in Ingersoll Rand during the 3rd quarter worth $42,000. UMB Bank n.a. increased its holdings in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Ingersoll Rand during the 3rd quarter worth approximately $65,000. Finally, Versant Capital Management Inc raised its stake in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after buying an additional 589 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by company insiders.

Ingersoll Rand Trading Up 0.3 %

IR opened at $91.25 on Thursday. The stock has a market cap of $36.77 billion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 3.73 and a beta of 1.44. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $79.73 and a twelve month high of $106.03. The company has a fifty day moving average of $95.90 and a 200-day moving average of $95.74.

Analyst Ratings Changes

Several research firms have recently weighed in on IR. Citigroup reduced their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays decreased their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target 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. Finally, Robert W. Baird decreased their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

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.