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

Coldstream Capital Management Inc. boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,601 shares of the industrial products company’s stock after acquiring an additional 639 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Ingersoll Rand were worth $750,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted its holdings in Ingersoll Rand by 5.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 119 shares during the last quarter. Kanawha Capital Management LLC raised its stake in shares of Ingersoll Rand by 2.4% in the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 119 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of Ingersoll Rand by 6.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 121 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Ingersoll Rand by 4.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,300 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 133 shares in the last quarter. Finally, Asio Capital LLC increased its holdings in Ingersoll Rand by 0.3% during the 3rd quarter. Asio Capital LLC now owns 44,085 shares of the industrial products company’s stock valued at $4,327,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by insiders.

Ingersoll Rand Price Performance

Shares of IR opened at $101.10 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $40.74 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of 3.86 and a beta of 1.42. The stock’s 50-day moving average price is $101.10 and its two-hundred day moving average price is $95.73. Ingersoll Rand Inc. has a 1 year low of $74.01 and a 1 year high of $106.03.

Ingersoll Rand Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IR shares. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Citigroup upped their price target on shares of Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Evercore ISI lowered their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Finally, Cfra raised their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.67.

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.