112,433 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new position in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 112,433 shares of the industrial products company’s stock, valued at approximately $10,171,000. Ingersoll Rand comprises about 4.0% of Regents Gate Capital LLP’s holdings, making the stock its 5th largest holding.

Several other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand during the third quarter worth about $34,000. Eastern Bank acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $42,000. UMB Bank n.a. lifted its position in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Ingersoll Rand during the third quarter worth $65,000. Finally, Versant Capital Management Inc grew its holdings in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of IR opened at $90.96 on Monday. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a fifty-two week low of $83.72 and a fifty-two week high of $106.03. The company has a market cap of $36.66 billion, a P/E ratio of 44.37, a PEG ratio of 3.66 and a beta of 1.43. The firm’s 50 day moving average price is $94.04 and its 200 day moving average price is $95.40.

Wall Street Analysts Forecast Growth

IR has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. 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. Barclays decreased their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird decreased their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

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.