Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,442 shares of the industrial products company’s stock after acquiring an additional 134 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $222,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in IR. Chicago Partners Investment Group LLC lifted its stake in shares of Ingersoll Rand by 4.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 109 shares during the period. Kanawha Capital Management LLC lifted its position in shares of Ingersoll Rand by 2.4% during the 3rd 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 period. Opal Wealth Advisors LLC boosted its stake in shares of Ingersoll Rand by 6.0% during 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. UMB Bank n.a. grew its holdings 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 worth $54,000 after acquiring an additional 127 shares during the period. Finally, RDA Financial Network increased its stake in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 128 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Down 1.3 %

IR opened at $92.58 on Tuesday. The stock has a market capitalization of $37.31 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $82.21 and a 12 month high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The business has a 50-day moving average of $95.27 and a two-hundred day moving average of $95.61.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group assumed coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Stifel Nicolaus lowered their price target 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. Finally, Barclays reduced their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $105.92.

About Ingersoll Rand

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.