Dynamic Advisor Solutions LLC Reduces Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Dynamic Advisor Solutions LLC reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,875 shares of the industrial products company’s stock after selling 799 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Ingersoll Rand were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand in the 3rd quarter worth about $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand in the third quarter worth about $42,000. UMB Bank n.a. raised its position in shares of Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Ingersoll Rand during the 2nd quarter valued at approximately $57,000. Finally, Versant Capital Management Inc boosted its holdings 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 worth $61,000 after buying an additional 589 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Down 1.0 %

Shares of IR opened at $93.11 on Monday. Ingersoll Rand Inc. has a 1 year low of $78.69 and a 1 year high of $106.03. 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 50 day simple moving average of $96.32 and a two-hundred day simple moving average of $95.80. The firm has a market cap of $37.53 billion, a P/E ratio of 45.42, a P/E/G ratio of 3.73 and a beta of 1.44.

Insider Activity

In other news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IR. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Wells Fargo & Company cut their target price 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 Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Cfra boosted their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.