Kingswood Wealth Advisors LLC Has $896,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

Kingswood Wealth Advisors LLC decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,906 shares of the industrial products company’s stock after selling 337 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $896,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $34,000. Eastern Bank acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $42,000. UMB Bank n.a. raised its stake in shares of 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 buying an additional 127 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Ingersoll Rand in the 2nd quarter valued at $57,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 1.1 %

Shares of NYSE:IR opened at $90.88 on Wednesday. Ingersoll Rand Inc. has a 12 month low of $79.04 and a 12 month high of $106.03. The company’s 50-day moving average price is $96.13 and its two-hundred day moving average price is $95.78. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a market cap of $36.63 billion, a P/E ratio of 44.33, a P/E/G ratio of 3.73 and a beta of 1.44.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’s 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 transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IR shares. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Cfra upped their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Barclays lowered their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Seven 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 currently has an average rating of “Moderate Buy” and a consensus target price of $105.92.

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.