Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Golden State Equity Partners

Golden State Equity Partners raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,470 shares of the industrial products company’s stock after acquiring an additional 1,036 shares during the period. Golden State Equity Partners’ holdings in Ingersoll Rand were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Ingersoll Rand by 3.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,403 shares of the industrial products company’s stock valued at $1,212,000 after buying an additional 500 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after buying an additional 109 shares during the period. OLD National Bancorp IN boosted its stake in shares of Ingersoll Rand by 23.3% during the fourth quarter. OLD National Bancorp IN now owns 3,844 shares of the industrial products company’s stock worth $348,000 after buying an additional 726 shares during the period. R Squared Ltd acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $351,000. Finally, Lebenthal Global Advisors LLC acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $92.70 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $95.02 and a 200-day moving average of $95.57. Ingersoll Rand Inc. has a 12-month low of $82.21 and a 12-month high of $106.03. The company has a market cap of $37.36 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 3.72 and a beta of 1.43.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company. Wells Fargo & Company decreased their target price 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. Robert W. Baird reduced their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Citigroup reduced their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.