Banque Cantonale Vaudoise Has $686,000 Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Banque Cantonale Vaudoise raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 66.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,759 shares of the industrial products company’s stock after purchasing an additional 4,295 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Ingersoll Rand were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in Ingersoll Rand by 16.9% in the second quarter. Signaturefd LLC now owns 7,985 shares of the industrial products company’s stock valued at $522,000 after acquiring an additional 1,152 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Ingersoll Rand in the second quarter valued at about $23,422,000. Great West Life Assurance Co. Can grew its position in Ingersoll Rand by 25.9% in the second quarter. Great West Life Assurance Co. Can now owns 525,168 shares of the industrial products company’s stock valued at $34,517,000 after acquiring an additional 107,875 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ingersoll Rand during the second quarter valued at about $449,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Ingersoll Rand by 2.7% in the third quarter. Handelsbanken Fonder AB now owns 100,013 shares of the industrial products company’s stock worth $6,373,000 after acquiring an additional 2,666 shares during the period. Institutional investors and hedge funds own 94.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IR. Stifel Nicolaus upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, October 24th. Wells Fargo & Company upped their price target on Ingersoll Rand from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. Cfra boosted their price objective on Ingersoll Rand from $66.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. Citigroup boosted their price objective on Ingersoll Rand from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, UBS Group upped their price target on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.27.

Check Out Our Latest Report on Ingersoll Rand

Insider Activity

In related news, insider Andrew R. Schiesl sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $71.89, for a total transaction of $934,570.00. Following the completion of the transaction, the insider now owns 45,263 shares of the company’s stock, valued at approximately $3,253,957.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Price Performance

IR opened at $83.24 on Wednesday. The firm has a market cap of $33.70 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 1.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $76.64 and its 200 day simple moving average is $69.85. Ingersoll Rand Inc. has a 1 year low of $51.84 and a 1 year high of $84.01.

Ingersoll Rand Company Profile

(Free Report)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle, and medical technologies in the United States, Europe, the Middle East, India, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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