Opal Wealth Advisors LLC Buys 190 Shares of Ingersoll Rand Inc. (NYSE:IR)

Opal Wealth Advisors LLC boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,335 shares of the industrial products company’s stock after purchasing an additional 190 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $211,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Ingersoll Rand by 10.5% in the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after acquiring an additional 1,538,056 shares during the period. JPMorgan Chase & Co. increased its stake in Ingersoll Rand by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock worth $1,789,376,000 after buying an additional 1,462,538 shares during the period. International Assets Investment Management LLC increased its stake in Ingersoll Rand by 9,681.5% in the 3rd quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after buying an additional 356,665 shares during the period. Franklin Resources Inc. increased its stake in Ingersoll Rand by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock worth $1,207,554,000 after buying an additional 278,710 shares during the period. Finally, Nordea Investment Management AB increased its stake in Ingersoll Rand by 19.1% in the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock worth $153,867,000 after buying an additional 271,381 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IR. Wells Fargo & Company reduced their price target 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. Stifel Nicolaus reduced 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 note on Friday, January 24th. Barclays dropped their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup dropped their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group increased their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Stock Up 1.4 %

NYSE:IR opened at $92.18 on Tuesday. Ingersoll Rand Inc. has a fifty-two week low of $83.72 and a fifty-two week high of $106.03. The stock has a market capitalization of $37.15 billion, a P/E ratio of 44.97, a P/E/G ratio of 3.66 and a beta of 1.43. 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 company’s 50-day simple moving average is $94.04 and its 200-day simple moving average is $95.40.

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.