CCLA Investment Management Sells 46,705 Shares of Ingersoll Rand Inc. (NYSE:IR)

CCLA Investment Management reduced its stake in Ingersoll Rand Inc. (NYSE:IR) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 720,231 shares of the industrial products company’s stock after selling 46,705 shares during the period. CCLA Investment Management’s holdings in Ingersoll Rand were worth $65,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at $34,000. Eastern Bank acquired a new position in Ingersoll Rand in the third quarter valued at about $42,000. Kimelman & Baird LLC acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at approximately $57,000. Versant Capital Management Inc lifted its stake in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 589 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity

In other news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were 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 owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on IR. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group initiated coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Ingersoll Rand Trading Up 1.4 %

IR opened at $89.40 on Wednesday. The stock has a market cap of $36.03 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.84 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 $76.64 and a twelve month high of $106.03. The company has a fifty day moving average of $98.07 and a 200-day moving average of $95.74.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.90%.

Ingersoll Rand Company 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.