Realta Investment Advisors Purchases New Stake in Ingersoll Rand Inc. (NYSE:IR)

Realta Investment Advisors acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,270 shares of the industrial products company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its holdings in shares of Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 109 shares during the period. Kanawha Capital Management LLC lifted its position in Ingersoll Rand by 2.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after buying an additional 119 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Ingersoll Rand by 6.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock valued at $211,000 after buying an additional 121 shares during the period. UMB Bank n.a. grew its holdings 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 valued at $54,000 after acquiring an additional 127 shares in the last quarter. Finally, RDA Financial Network increased its stake in shares of Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 1.5 %

IR stock opened at $90.96 on Friday. The stock has a market capitalization of $36.66 billion, a price-to-earnings ratio of 44.37, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. The company has a 50-day moving average of $94.31 and a two-hundred day moving average of $95.50. Ingersoll Rand Inc. has a 52-week low of $83.72 and a 52-week 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on IR. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. 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 report on Thursday, December 12th. 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 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. Finally, UBS Group began coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Ingersoll Rand 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.