Ingersoll Rand Inc. (NYSE:IR) Position Increased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. raised its position in Ingersoll Rand Inc. (NYSE:IR) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,003 shares of the industrial products company’s stock after buying an additional 147 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Ingersoll Rand were worth $272,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IR. Empowered Funds LLC grew its stake in shares of Ingersoll Rand by 13.4% in the 4th quarter. Empowered Funds LLC now owns 7,277 shares of the industrial products company’s stock valued at $658,000 after buying an additional 861 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Ingersoll Rand by 2.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,873 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 143 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Ingersoll Rand by 21.4% during the 4th quarter. Apollon Wealth Management LLC now owns 6,616 shares of the industrial products company’s stock valued at $598,000 after purchasing an additional 1,167 shares in the last quarter. Realta Investment Advisors acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $302,000. Finally, SMART Wealth LLC bought a new stake in Ingersoll Rand in the fourth quarter worth $471,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IR. The Goldman Sachs Group boosted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays lowered their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group assumed coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Robert W. Baird lowered 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 note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Stock Down 1.5 %

Shares of IR opened at $90.96 on Monday. 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 has a 50-day simple moving average of $94.04 and a 200-day simple moving average of $95.40. Ingersoll Rand Inc. has a 52 week low of $83.72 and a 52 week high of $106.03. The firm has a market capitalization of $36.66 billion, a P/E ratio of 44.37, a P/E/G ratio of 3.66 and a beta of 1.43.

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.