Opal Wealth Advisors LLC Boosts Holdings in Ingersoll Rand Inc. (NYSE:IR)

Opal Wealth Advisors LLC lifted its stake in Ingersoll Rand Inc. (NYSE:IR) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,335 shares of the industrial products company’s stock after purchasing an additional 190 shares during the period. Opal Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $211,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Savant Capital LLC lifted its position in Ingersoll Rand by 2.3% during the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock valued at $628,000 after acquiring an additional 158 shares during the period. Newbridge Financial Services Group Inc. lifted its position in Ingersoll Rand by 5.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,003 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 147 shares during the period. Empowered Funds LLC lifted its position in Ingersoll Rand by 13.4% during the 4th quarter. Empowered Funds LLC now owns 7,277 shares of the industrial products company’s stock valued at $658,000 after acquiring an additional 861 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Ingersoll Rand by 2.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,873 shares of the industrial products company’s stock valued at $531,000 after purchasing an additional 143 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in Ingersoll Rand by 21.4% during the 4th quarter. Apollon Wealth Management LLC now owns 6,616 shares of the industrial products company’s stock valued at $598,000 after purchasing an additional 1,167 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

IR opened at $92.18 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The company has a 50 day simple moving average of $94.04 and a two-hundred day simple moving average of $95.40. Ingersoll Rand Inc. has a 1-year low of $83.72 and a 1-year high of $106.03. The firm has a market cap of $37.15 billion, a P/E ratio of 44.97, a PEG ratio of 3.66 and a beta of 1.43.

Wall Street Analyst Weigh In

IR has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price target 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. Citigroup reduced their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.