Patron Partners LLC Boosts Holdings in Ingersoll Rand Inc. (NYSE:IR)

Patron Partners LLC raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 21.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,943 shares of the industrial products company’s stock after purchasing an additional 519 shares during the period. Patron Partners LLC’s holdings in Ingersoll Rand were worth $266,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IR. Chicago Partners Investment Group LLC raised its holdings in shares of Ingersoll Rand by 4.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 109 shares in the last quarter. Kanawha Capital Management LLC increased its position in Ingersoll Rand by 2.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 119 shares during the last quarter. Opal Wealth Advisors LLC raised its position in Ingersoll Rand by 6.0% during the third quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 121 shares in the last quarter. UMB Bank n.a. increased its position in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the last quarter. Finally, RDA Financial Network raised its stake in shares of 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 acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 1.3 %

Shares of Ingersoll Rand stock opened at $92.58 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. Ingersoll Rand Inc. has a 52-week low of $82.21 and a 52-week high of $106.03. The stock has a market capitalization of $37.31 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. The company has a 50-day simple moving average of $95.27 and a two-hundred day simple moving average of $95.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IR shares. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group raised their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group began coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. 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 report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.