Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 742.9% during the 4th quarter, HoldingsChannel reports. The firm owned 93,026 shares of the industrial products company’s stock after buying an additional 81,990 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Ingersoll Rand were worth $7,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. raised its position in shares of Ingersoll Rand by 101.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company’s stock worth $108,328,000 after buying an additional 854,314 shares in the last quarter. FMR LLC raised its position in shares of Ingersoll Rand by 3.4% during the 3rd quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock worth $1,222,789,000 after buying an additional 627,146 shares in the last quarter. Barclays PLC raised its position in shares of Ingersoll Rand by 59.8% during the 3rd quarter. Barclays PLC now owns 876,284 shares of the industrial products company’s stock worth $55,836,000 after buying an additional 327,931 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Ingersoll Rand by 7,475.8% during the 4th quarter. International Assets Investment Management LLC now owns 281,518 shares of the industrial products company’s stock worth $21,773,000 after buying an additional 277,802 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Ingersoll Rand by 45.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 796,696 shares of the industrial products company’s stock worth $50,765,000 after buying an additional 248,634 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IR shares. Cfra lifted their price objective on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Citigroup lifted their price objective on shares of Ingersoll Rand from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. BNP Paribas started coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price objective on the stock. StockNews.com cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.73.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the completion of the sale, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at $854,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total transaction of $937,368.95. Following the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Trading Up 1.6 %

Shares of IR stock traded up $1.47 during trading hours on Friday, reaching $93.50. 1,964,416 shares of the stock traded hands, compared to its average volume of 2,457,554. Ingersoll Rand Inc. has a 1-year low of $54.54 and a 1-year high of $96.17. The business has a fifty day moving average price of $91.62 and a 200 day moving average price of $79.45. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $37.72 billion, a PE ratio of 49.21, a PEG ratio of 3.22 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.76 billion. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 4.21%.

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.