Lion Street Advisors LLC Cuts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Lion Street Advisors LLC decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,329 shares of the industrial products company’s stock after selling 300 shares during the quarter. Lion Street Advisors LLC’s holdings in Ingersoll Rand were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IR. Ashton Thomas Securities LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank acquired a new position in Ingersoll Rand during the 3rd quarter worth approximately $42,000. UMB Bank n.a. increased its position in shares of Ingersoll Rand by 27.0% in the 4th 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 last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at $65,000. Finally, Versant Capital Management Inc lifted its position in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 589 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their target price 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. UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. Robert W. Baird reduced their price objective 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, The Goldman Sachs Group upped their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Price Performance

Shares of IR opened at $92.45 on Thursday. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a fifty-two week low of $82.21 and a fifty-two week high of $106.03. The firm has a 50-day simple moving average of $94.78 and a 200-day simple moving average of $95.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

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.