Golden State Equity Partners Grows Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Golden State Equity Partners increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 72.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,470 shares of the industrial products company’s stock after buying an additional 1,036 shares during the quarter. Golden State Equity Partners’ holdings in Ingersoll Rand were worth $223,000 at the end of the most recent reporting period.

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

Ingersoll Rand Stock Performance

Shares of IR stock opened at $92.70 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $95.02 and a 200 day moving average price of $95.57. The company has a market cap of $37.36 billion, a P/E ratio of 45.22, a PEG ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $82.21 and a 12 month high of $106.03.

Analysts Set New Price Targets

A number of brokerages have issued reports on IR. Citigroup cut their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price 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 cut their target price 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. Robert W. Baird dropped their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.