Running Oak Capital LLC Has $16.27 Million Stake in Ingersoll Rand Inc. $IR

Running Oak Capital LLC lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,936 shares of the industrial products company’s stock after buying an additional 6,275 shares during the quarter. Running Oak Capital LLC’s holdings in Ingersoll Rand were worth $16,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its position in Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after purchasing an additional 220,815 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Ingersoll Rand in the second quarter valued at $8,375,000. Fisher Asset Management LLC grew its holdings in shares of Ingersoll Rand by 0.6% during the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after buying an additional 38,999 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Ingersoll Rand by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 86,865 shares of the industrial products company’s stock worth $7,177,000 after acquiring an additional 18,151 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Ingersoll Rand by 18.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 41,272 shares of the industrial products company’s stock worth $3,410,000 after acquiring an additional 6,464 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 3.3%

NYSE IR opened at $88.95 on Tuesday. The business’s fifty day moving average is $82.72 and its 200-day moving average is $80.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of 65.89, a PEG ratio of 5.43 and a beta of 1.32. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $94.10.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IR. Citigroup raised their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Stifel Nicolaus lifted their target price on Ingersoll Rand from $81.00 to $87.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.13.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the transaction, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vicente Reynal sold 191,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the sale, the insider owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.68% of the stock is owned by insiders.

About Ingersoll Rand

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.