J.P. Morgan Private Wealth Advisors LLC Reduces Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

J.P. Morgan Private Wealth Advisors LLC lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 29.3% during the third quarter, HoldingsChannel.com reports. The firm owned 19,347 shares of the industrial products company’s stock after selling 8,010 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IR. OFI Invest Asset Management purchased a new position in Ingersoll Rand during the third quarter worth approximately $25,000. Pacifica Partners Inc. purchased a new position in shares of Ingersoll Rand in the third quarter valued at approximately $28,000. Lazard Asset Management LLC lifted its position in shares of Ingersoll Rand by 1,566.7% in the second quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 423 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Ingersoll Rand by 348.2% in the third quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 383 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Ingersoll Rand in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 94.54% of the company’s stock.

Insider Activity

In other news, insider Andrew R. Schiesl sold 13,000 shares of Ingersoll Rand stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $71.89, for a total value of $934,570.00. Following the completion of the sale, the insider now directly owns 45,263 shares of the company’s stock, valued at $3,253,957.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.83% of the company’s stock.

Ingersoll Rand Trading Down 0.5 %

Shares of NYSE IR opened at $85.44 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $51.84 and a twelve month high of $86.51. The company has a current ratio of 2.26, a quick ratio of 1.60 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $77.76 and a 200-day simple moving average of $70.43. The stock has a market capitalization of $34.59 billion, a PE ratio of 45.69, a PEG ratio of 2.03 and a beta of 1.43.

Analyst Ratings Changes

Several research firms have recently weighed in on IR. Citigroup raised their target price on Ingersoll Rand from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Company raised their target price on Ingersoll Rand from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. UBS Group raised their target price on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Cfra lifted their price objective on Ingersoll Rand from $66.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.27.

View Our Latest Research Report on Ingersoll Rand

Ingersoll Rand Company Profile

(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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