Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Ingersoll Rand Inc. (NYSE:IR)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 742.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,026 shares of the industrial products company’s stock after purchasing an additional 81,990 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Ingersoll Rand were worth $7,195,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Ingersoll Rand by 3.4% during the 3rd quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock worth $1,222,789,000 after acquiring an additional 627,146 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ingersoll Rand by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,547,716 shares of the industrial products company’s stock worth $735,821,000 after acquiring an additional 213,441 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Ingersoll Rand by 2.4% during the 3rd quarter. Northern Trust Corp now owns 4,005,504 shares of the industrial products company’s stock worth $255,231,000 after acquiring an additional 95,559 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ingersoll Rand by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,059,347 shares of the industrial products company’s stock worth $131,222,000 after acquiring an additional 28,030 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Ingersoll Rand by 0.4% during the 3rd quarter. Royal Bank of Canada now owns 2,020,934 shares of the industrial products company’s stock worth $128,773,000 after acquiring an additional 7,524 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 1.6 %

Shares of NYSE:IR traded up $1.47 during mid-day trading on Friday, reaching $93.50. 1,964,416 shares of the company were exchanged, compared to its average volume of 2,457,554. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 3.22 and a beta of 1.44. The firm’s 50-day simple moving average is $91.62 and its 200 day simple moving average is $79.45. Ingersoll Rand Inc. has a 1 year low of $54.54 and a 1 year high of $96.17.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is 4.21%.

Analysts Set New Price Targets

Several research analysts recently weighed in on IR shares. StockNews.com downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Thursday. Cfra upped their price target on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Stifel Nicolaus restated a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a research report on Tuesday, March 26th. BNP Paribas began coverage on shares of Ingersoll Rand in a research report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price target for the company. Finally, Barclays increased their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.73.

Insider Activity

In other news, CAO Michael J. Scheske sold 7,590 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now owns 91,957 shares in the company, valued at $8,290,843.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is currently owned by corporate insiders.

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.