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

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

A number of other institutional investors have also recently added to or reduced their stakes in IR. Virtu Financial LLC purchased a new stake in Ingersoll Rand during the 3rd quarter worth $864,000. Nordea Investment Management AB increased its stake 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 worth $153,867,000 after buying an additional 271,381 shares during the period. Daiwa Securities Group Inc. increased its stake in Ingersoll Rand by 9.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company’s stock worth $8,916,000 after buying an additional 7,784 shares during the period. GDS Wealth Management grew its stake in Ingersoll Rand by 6.4% during the 3rd quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company’s stock valued at $16,417,000 after purchasing an additional 10,081 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Ingersoll Rand by 28.2% during the 3rd quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company’s stock valued at $9,987,000 after purchasing an additional 22,401 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective 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. UBS Group started coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Finally, Barclays cut their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Stock Performance

IR stock opened at $92.70 on Wednesday. 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 stock has a market capitalization of $37.36 billion, a price-to-earnings 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 stock’s fifty day moving average is $95.02 and its two-hundred day moving average is $95.57.

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.