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

FSM Wealth Advisors LLC grew its position in Ingersoll Rand Inc. (NYSE:IR) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,442 shares of the industrial products company’s stock after buying 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 Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand during the third quarter worth about $34,000. Eastern Bank purchased a new stake in Ingersoll Rand during the 3rd quarter worth approximately $42,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 127 shares in the last quarter. Versant Capital Management Inc boosted its position in Ingersoll Rand by 654.4% in 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 period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Ingersoll Rand in the third quarter worth $65,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the topic of several analyst reports. The Goldman Sachs Group increased 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. Stifel Nicolaus decreased their price objective on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Citigroup cut their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Finally, Barclays dropped their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Stock Performance

NYSE IR opened at $92.58 on Tuesday. The company has a fifty day moving average of $95.27 and a two-hundred day moving average of $95.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand Inc. has a 1 year low of $82.21 and a 1 year high of $106.03. The company has a market capitalization of $37.31 billion, a PE ratio of 45.16, a P/E/G ratio of 3.72 and a beta of 1.43.

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.