KBC Group NV Increases Stake in Ingersoll Rand Inc. (NYSE:IR)

KBC Group NV grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 75,374 shares of the industrial products company’s stock after buying an additional 1,682 shares during the period. KBC Group NV’s holdings in Ingersoll Rand were worth $6,818,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new position in Ingersoll Rand during the fourth quarter worth about $541,000. Blue Trust Inc. lifted its stake in Ingersoll Rand by 69.0% in the 4th quarter. Blue Trust Inc. now owns 4,611 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 1,882 shares in the last quarter. Strategic Investment Advisors MI boosted its holdings in shares of Ingersoll Rand by 26.8% during the 4th quarter. Strategic Investment Advisors MI now owns 5,765 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 1,220 shares during the last quarter. Clarendon Private LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $635,000. Finally, Andina Capital Management LLC increased its holdings in shares of Ingersoll Rand by 14.8% in the fourth quarter. Andina Capital Management LLC now owns 6,874 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 3.0 %

Shares of NYSE IR opened at $93.91 on Friday. Ingersoll Rand Inc. has a 52-week low of $79.73 and a 52-week high of $106.03. The business’s 50 day moving average is $95.66 and its two-hundred day moving average is $95.70. The firm has a market cap of $37.85 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 3.73 and a beta of 1.44. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays decreased their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Cfra raised their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand 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.