Yousif Capital Management LLC Has $4.77 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Yousif Capital Management LLC boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,776 shares of the industrial products company’s stock after acquiring an additional 1,576 shares during the quarter. Yousif Capital Management LLC’s holdings in Ingersoll Rand were worth $4,774,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IR. E. Ohman J or Asset Management AB grew its stake in Ingersoll Rand by 23.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 18,600 shares of the industrial products company’s stock valued at $1,683,000 after purchasing an additional 3,500 shares in the last quarter. Patron Partners LLC lifted its holdings in shares of Ingersoll Rand by 21.4% during the 4th quarter. Patron Partners LLC now owns 2,943 shares of the industrial products company’s stock valued at $266,000 after buying an additional 519 shares during the last quarter. abrdn plc grew its stake in shares of Ingersoll Rand by 70.5% in the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company’s stock valued at $23,851,000 after buying an additional 108,700 shares in the last quarter. GDS Wealth Management raised its position in Ingersoll Rand by 3.8% during the fourth quarter. GDS Wealth Management now owns 173,581 shares of the industrial products company’s stock valued at $15,702,000 after acquiring an additional 6,333 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its stake in Ingersoll Rand by 5.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $90.96 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm’s 50-day moving average is $94.31 and its 200-day moving average is $95.50. Ingersoll Rand Inc. has a 52-week low of $83.72 and a 52-week high of $106.03. The company has a market cap of $36.66 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 3.72 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price objective 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. Robert W. Baird decreased their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average price target of $105.92.

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.