Lebenthal Global Advisors LLC Invests $331,000 in Ingersoll Rand Inc. (NYSE:IR)

Lebenthal Global Advisors LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,664 shares of the industrial products company’s stock, valued at approximately $331,000.

A number of other large investors have also bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the third quarter valued at approximately $34,000. Eastern Bank bought a new stake in Ingersoll Rand in the 3rd quarter valued at $42,000. UMB Bank n.a. lifted its position in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares in the last quarter. Kimelman & Baird LLC bought a new position in Ingersoll Rand during the 2nd quarter worth about $57,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Ingersoll Rand in the third quarter valued at about $65,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Down 1.1 %

IR stock opened at $90.88 on Wednesday. The business’s 50 day simple moving average is $96.13 and its 200 day simple moving average is $95.78. Ingersoll Rand Inc. has a 1-year low of $79.04 and a 1-year high of $106.03. The firm has a market capitalization of $36.63 billion, a PE ratio of 44.33, a PEG ratio of 3.73 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IR shares. Stifel Nicolaus cut their target price on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays cut their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Cfra lifted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Citigroup decreased their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, UBS Group assumed coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Insider Buying and Selling at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

About Ingersoll Rand

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.