Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 4,140 shares of the industrial products company’s stock after selling 425 shares during the quarter. Money Concepts Capital Corp’s holdings in Ingersoll Rand were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in IR. Sanctuary Advisors LLC acquired a new stake in Ingersoll Rand in the 2nd quarter valued at approximately $1,038,000. Park Avenue Securities LLC increased its position in shares of 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 valued at $408,000 after purchasing an additional 180 shares during the period. Czech National Bank increased its position in shares of Ingersoll Rand by 7.0% during the 3rd quarter. Czech National Bank now owns 82,194 shares of the industrial products company’s stock valued at $8,068,000 after purchasing an additional 5,357 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Ingersoll Rand by 160.8% during the 3rd 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 during the period. Finally, Strategic Wealth Partners Ltd. increased its position in shares of Ingersoll Rand by 27.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 3,854 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 839 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. 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. Barclays lowered their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group started coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target on the stock. Finally, Stifel Nicolaus decreased 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. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $92.18 on Friday. The stock has a market cap of $37.15 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. The business has a fifty day simple moving average of $94.54 and a 200-day simple moving average of $95.52. 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 Inc. has a 12 month low of $83.38 and a 12 month high of $106.03.

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.