Ingersoll Rand Inc. (NYSE:IR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in Ingersoll Rand Inc. (NYSE:IRFree Report) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 219,812 shares of the industrial products company’s stock after selling 10,748 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Ingersoll Rand worth $14,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC grew its stake in Ingersoll Rand by 2.7% in the 2nd quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after acquiring an additional 152 shares during the period. Spire Wealth Management grew its stake in Ingersoll Rand by 13.5% in the 2nd quarter. Spire Wealth Management now owns 1,593 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 190 shares during the period. Global Retirement Partners LLC grew its stake in shares of Ingersoll Rand by 11.9% during the 3rd quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock valued at $114,000 after buying an additional 191 shares during the period. LifePro Asset Management grew its stake in shares of Ingersoll Rand by 1.6% during the 3rd quarter. LifePro Asset Management now owns 12,206 shares of the industrial products company’s stock valued at $778,000 after buying an additional 192 shares during the period. Finally, Catalyst Financial Partners LLC grew its stake in shares of Ingersoll Rand by 3.3% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock valued at $384,000 after buying an additional 194 shares during the period. 94.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 13,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $71.89, for a total value of $934,570.00. Following the transaction, the insider now owns 45,263 shares in the company, valued at approximately $3,253,957.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $85.90 on Friday. Ingersoll Rand Inc. has a 12 month low of $51.84 and a 12 month high of $86.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 1.60. The firm has a market capitalization of $34.77 billion, a P/E ratio of 45.94, a P/E/G ratio of 2.03 and a beta of 1.43. The company’s fifty day moving average price is $77.49 and its two-hundred day moving average price is $70.24.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, October 24th. Citigroup boosted their price objective on shares of Ingersoll Rand from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. UBS Group boosted their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Cfra boosted their price objective on shares of Ingersoll Rand from $66.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.27.

Check Out Our Latest Stock Report on Ingersoll Rand

About Ingersoll Rand

(Free Report)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle, and medical technologies in the United States, Europe, the Middle East, India, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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