Ferguson Wellman Capital Management Inc. Cuts Stake in Ingersoll Rand Inc. (NYSE:IR)

Ferguson Wellman Capital Management Inc. lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,475 shares of the industrial products company’s stock after selling 123 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Ingersoll Rand were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IR. FMR LLC grew its holdings in Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after buying an additional 1,538,056 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ingersoll Rand by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after buying an additional 1,462,538 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Ingersoll Rand by 9,681.5% during the 3rd quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock valued at $353,720,000 after buying an additional 356,665 shares in the last quarter. Franklin Resources Inc. grew its holdings in Ingersoll Rand by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after buying an additional 278,710 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Ingersoll Rand by 19.1% during the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock valued at $153,867,000 after buying an additional 271,381 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several research analyst reports. Robert W. Baird cut their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Stifel Nicolaus lowered their price objective on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays lowered their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Price Performance

Shares of IR stock opened at $92.18 on Tuesday. 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. The firm has a market capitalization of $37.15 billion, a P/E ratio of 44.97, a P/E/G ratio of 3.66 and a beta of 1.43. The stock has a 50 day moving average price of $94.04 and a 200 day moving average price of $95.40.

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.