Greenleaf Trust Increases Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Greenleaf Trust raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,460 shares of the industrial products company’s stock after purchasing an additional 142 shares during the quarter. Greenleaf Trust’s holdings in Ingersoll Rand were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Ingersoll Rand by 10.5% in the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after purchasing an additional 1,462,538 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Ingersoll Rand by 9,681.5% in the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock valued at $353,720,000 after purchasing an additional 356,665 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock worth $1,207,554,000 after acquiring an additional 278,710 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Ingersoll Rand by 19.1% in the fourth quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock worth $153,867,000 after acquiring an additional 271,381 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IR shares. Stifel Nicolaus cut their price target on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. Citigroup lowered their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays lowered their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. Finally, Robert W. Baird decreased their price objective on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Stock Up 0.2 %

Shares of NYSE:IR opened at $92.70 on Wednesday. The stock has a 50-day simple moving average of $95.02 and a 200-day simple moving average of $95.57. The stock has a market capitalization of $37.36 billion, a P/E ratio of 45.22, a PEG ratio of 3.72 and a beta of 1.43. Ingersoll Rand Inc. has a 1 year low of $82.21 and a 1 year 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.

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.