Bleakley Financial Group LLC Has $1.75 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

Bleakley Financial Group LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,346 shares of the industrial products company’s stock after acquiring an additional 1,432 shares during the quarter. Bleakley Financial Group LLC’s holdings in Ingersoll Rand were worth $1,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Ingersoll Rand in the 2nd quarter worth about $1,038,000. Park Avenue Securities LLC increased its holdings in Ingersoll Rand by 4.5% during the 3rd quarter. Park Avenue Securities LLC now owns 4,152 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 180 shares in the last quarter. Czech National Bank raised its stake in shares of Ingersoll Rand by 7.0% in the third quarter. Czech National Bank now owns 82,194 shares of the industrial products company’s stock worth $8,068,000 after purchasing an additional 5,357 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Ingersoll Rand by 160.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 10,674 shares of the industrial products company’s stock valued at $1,048,000 after purchasing an additional 6,581 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Ingersoll Rand by 3.3% during the third quarter. Wedmont Private Capital now owns 5,527 shares of the industrial products company’s stock valued at $553,000 after buying an additional 179 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.5 %

NYSE:IR opened at $90.96 on Friday. Ingersoll Rand Inc. has a 1 year low of $83.72 and a 1 year high of $106.03. The stock’s fifty day moving average price is $94.31 and its two-hundred day moving average price is $95.50. 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 company has a market cap of $36.66 billion, a P/E ratio of 44.37, a P/E/G ratio of 3.72 and a beta of 1.43.

Analyst Ratings Changes

Several brokerages have weighed in on IR. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup dropped their price target 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. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $105.92.

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.