Marks Group Wealth Management Inc Has $8.06 Million Position in Ingersoll Rand Inc. (NYSE:IR)

Marks Group Wealth Management Inc trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,068 shares of the industrial products company’s stock after selling 3,730 shares during the period. Marks Group Wealth Management Inc’s holdings in Ingersoll Rand were worth $8,057,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Ingersoll Rand during the third quarter worth $34,000. Eastern Bank acquired a new stake in shares of Ingersoll Rand in the third quarter valued at approximately $42,000. UMB Bank n.a. boosted its stake 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 period. Versant Capital Management Inc increased its holdings 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 acquiring an additional 589 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of Ingersoll Rand in the third quarter valued at about $65,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.0 %

Shares of IR opened at $92.14 on Wednesday. The stock’s 50-day moving average price is $93.78 and its two-hundred day moving average price is $95.36. Ingersoll Rand Inc. has a 12 month low of $83.72 and a 12 month high of $106.03. The company has a market capitalization of $37.13 billion, a PE ratio of 44.95, a PEG ratio of 3.66 and a beta of 1.43. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

IR has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays decreased their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group assumed 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. 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 currently 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.