Ingersoll Rand Inc. (NYSE:IR) Position Reduced by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,485 shares of the industrial products company’s stock after selling 1,308 shares during the period. Strengthening Families & Communities LLC’s holdings in Ingersoll Rand were worth $1,582,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IR. FMR LLC raised its holdings in shares of Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock worth $1,585,489,000 after purchasing an additional 1,538,056 shares during the period. JPMorgan Chase & Co. lifted its holdings in Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock worth $1,789,376,000 after acquiring an additional 1,462,538 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Ingersoll Rand by 9,681.5% in the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock valued at $353,720,000 after acquiring an additional 356,665 shares during the period. Franklin Resources Inc. grew its holdings in shares of Ingersoll Rand by 2.5% during the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after purchasing an additional 278,710 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Ingersoll Rand by 19.1% during 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 purchasing an additional 271,381 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on IR shares. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays reduced their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target 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. Finally, UBS Group started coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $92.18 on Tuesday. Ingersoll Rand Inc. has a 1 year low of $83.72 and a 1 year high of $106.03. The firm has a market cap of $37.15 billion, a P/E ratio of 44.97, a PEG ratio of 3.66 and a beta of 1.43. The stock has a fifty day moving average price of $94.04 and a two-hundred day moving average price of $95.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

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.