Beese Fulmer Investment Management Inc. Buys 1,140 Shares of Ingersoll Rand Inc. (NYSE:IR)

Beese Fulmer Investment Management Inc. boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 95,925 shares of the industrial products company’s stock after buying an additional 1,140 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Ingersoll Rand were worth $8,677,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank bought a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $42,000. UMB Bank n.a. increased 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 worth $54,000 after acquiring an additional 127 shares during the last quarter. Versant Capital Management Inc raised its stake 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 valued at $61,000 after acquiring an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand during the 3rd quarter valued at $65,000. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Barclays reduced their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective 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. Finally, The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Ingersoll Rand Trading Down 0.3 %

Shares of IR opened at $92.18 on Friday. The stock has a market capitalization of $37.15 billion, a P/E ratio of 44.97, a PEG ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a twelve month low of $83.38 and a twelve month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $94.54 and a two-hundred day simple moving average of $95.52.

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.