Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,256 shares of the industrial products company’s stock after selling 1,041 shares during the period. Retirement Systems of Alabama’s holdings in Ingersoll Rand were worth $7,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its stake in Ingersoll Rand by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 109 shares in the last quarter. Kanawha Capital Management LLC grew its stake in shares of Ingersoll Rand by 2.4% in the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 119 shares during the last quarter. Opal Wealth Advisors LLC grew its position in Ingersoll Rand by 6.0% during the third quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after buying an additional 121 shares in the last quarter. UMB Bank n.a. lifted 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 worth $54,000 after purchasing an additional 127 shares during the period. Finally, RDA Financial Network boosted its holdings in Ingersoll Rand by 3.1% during the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 128 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IR. UBS Group began coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Citigroup decreased their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Seven 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Stock Down 1.5 %

Shares of NYSE:IR opened at $90.96 on Monday. The firm has a fifty day moving average of $94.04 and a 200 day moving average of $95.40. The firm has a market capitalization of $36.66 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. Ingersoll Rand Inc. has a 52-week low of $83.72 and a 52-week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

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.