Strengthening Families & Communities LLC Has $1.58 Million Position in Ingersoll Rand Inc. (NYSE:IR)

Strengthening Families & Communities LLC decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,485 shares of the industrial products company’s stock after selling 1,308 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Ingersoll Rand were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the third quarter worth $34,000. Eastern Bank purchased a new position in Ingersoll Rand in the third quarter valued at about $42,000. UMB Bank n.a. raised its stake in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at approximately $65,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IR. Robert W. Baird reduced their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. UBS Group assumed coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Trading Up 1.4 %

Shares of IR stock opened at $92.18 on Tuesday. The firm has a market capitalization of $37.15 billion, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. Ingersoll Rand Inc. has a 1 year low of $83.72 and a 1 year high of $106.03. The firm’s fifty day simple moving average is $94.04 and its 200 day simple moving average is $95.40. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

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.