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

Newbridge Financial Services Group Inc. lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,003 shares of the industrial products company’s stock after acquiring an additional 147 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Ingersoll Rand were worth $272,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand in the third quarter worth $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter worth about $42,000. UMB Bank n.a. grew its position in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares in the last quarter. Versant Capital Management Inc increased its stake in Ingersoll Rand by 654.4% during 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 bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IR. Barclays decreased their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup lowered their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and seven have given 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 Price Performance

Shares of NYSE:IR opened at $90.96 on Monday. The company’s fifty day moving average is $94.04 and its two-hundred day moving average is $95.40. The company has a market cap of $36.66 billion, a P/E ratio of 44.37, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. Ingersoll Rand Inc. has a 12-month low of $83.72 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

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.