HB Wealth Management LLC Buys 513 Shares of Ingersoll Rand Inc. (NYSE:IR)

HB Wealth Management LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,008 shares of the industrial products company’s stock after purchasing an additional 513 shares during the period. HB Wealth Management LLC’s holdings in Ingersoll Rand were worth $724,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IR. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand during the third quarter worth $34,000. Eastern Bank bought a new stake in Ingersoll Rand during the 3rd quarter worth about $42,000. Kimelman & Baird LLC acquired a new position in Ingersoll Rand during the 2nd quarter valued at about $57,000. Versant Capital Management Inc boosted its stake in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $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 third quarter worth approximately $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $94.09 on Wednesday. The company has a fifty day moving average price of $97.09 and a 200 day moving average price of $95.76. The firm has a market cap of $37.92 billion, a PE ratio of 45.90, a PEG ratio of 3.59 and a beta of 1.44. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 1-year low of $78.36 and a 1-year high of $106.03.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Barclays dropped their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and lowered their target price for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand 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 sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

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.