Coldstream Capital Management Inc. Has $750,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Coldstream Capital Management Inc. lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,601 shares of the industrial products company’s stock after buying an additional 639 shares during the period. Coldstream Capital Management Inc.’s holdings in Ingersoll Rand were worth $750,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IR. Geode Capital Management LLC lifted its position in shares of Ingersoll Rand by 0.6% in the third quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company’s stock worth $923,087,000 after purchasing an additional 54,952 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new stake in Ingersoll Rand in the 3rd quarter worth approximately $207,000. M&T Bank Corp boosted its stake in shares of Ingersoll Rand by 1.1% during the 3rd quarter. M&T Bank Corp now owns 30,088 shares of the industrial products company’s stock valued at $2,953,000 after buying an additional 329 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Ingersoll Rand by 5.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 119,190 shares of the industrial products company’s stock valued at $11,700,000 after acquiring an additional 6,318 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Ingersoll Rand by 504.0% in the third quarter. MML Investors Services LLC now owns 49,188 shares of the industrial products company’s stock worth $4,828,000 after acquiring an additional 41,044 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on IR. Morgan Stanley initiated coverage on Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 target price on the stock. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird dropped their price target 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. Finally, Evercore ISI cut their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Seven equities research 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 $107.67.

Ingersoll Rand Trading Down 0.3 %

Ingersoll Rand stock opened at $101.10 on Friday. The business’s 50-day simple moving average is $101.10 and its 200-day simple moving average is $95.73. Ingersoll Rand Inc. has a 52 week low of $74.01 and a 52 week high of $106.03. The firm has a market capitalization of $40.74 billion, a PE ratio of 49.32, a PEG ratio of 3.86 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is 3.90%.

Insider Transactions at Ingersoll Rand

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 transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

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.