Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 64.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,900 shares of the industrial products company’s stock after selling 140,951 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ingersoll Rand were worth $7,047,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand during the third quarter worth approximately $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth $42,000. UMB Bank n.a. boosted its holdings 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 valued at $54,000 after acquiring an additional 127 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand during the third quarter worth about $65,000. Finally, Versant Capital Management Inc raised its holdings in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 589 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

IR opened at $93.77 on Friday. The company has a market capitalization of $37.79 billion, a P/E ratio of 45.74, a PEG ratio of 3.61 and a beta of 1.44. The company has a 50-day moving average of $95.27 and a 200-day moving average of $95.66. 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 Inc. has a 1-year low of $79.73 and a 1-year high of $106.03.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IR has been the subject of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Citigroup cut their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. The Goldman Sachs Group boosted 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. Finally, Barclays lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.