SMART Wealth LLC Purchases Shares of 5,208 Ingersoll Rand Inc. (NYSE:IR)

SMART Wealth LLC purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,208 shares of the industrial products company’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand during the third quarter worth about $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter valued at $42,000. UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 589 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Ingersoll Rand during the third quarter worth approximately $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.3 %

IR opened at $92.18 on Friday. The stock’s 50 day moving average price is $94.54 and its 200 day moving average price is $95.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The stock has a market cap of $37.15 billion, a P/E ratio of 44.97, a P/E/G ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $83.38 and a 12 month high of $106.03.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IR. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Barclays dropped their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird decreased their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Citigroup lowered their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus dropped their target price on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.92.

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.