GAM Holding AG Makes New $1.43 Million Investment in Ingersoll Rand Inc. (NYSE:IR)

GAM Holding AG bought a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,480 shares of the industrial products company's stock, valued at approximately $1,429,000.

Several other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $25,000. Quintet Private Bank Europe S.A. bought a new stake in Ingersoll Rand during the 3rd quarter valued at approximately $28,000. Pacifica Partners Inc. bought a new stake in Ingersoll Rand during the 3rd quarter valued at approximately $28,000. Lazard Asset Management LLC boosted its stake in Ingersoll Rand by 1,566.7% during the 2nd quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 423 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Ingersoll Rand during the 3rd quarter valued at approximately $32,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 240,000 shares of the firm's 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 completion of the sale, the insider now directly owns 91,957 shares of the company's stock, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Andrew R. Schiesl sold 10,421 shares of Ingersoll Rand stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company's stock, valued at approximately $4,398,914.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the sale, the insider now directly owns 91,957 shares of the company's stock, valued at $8,290,843.12. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock valued at $26,374,789 in the last three months. Corporate insiders own 0.83% of the company's stock.

Ingersoll Rand Price Performance

Shares of IR traded up $0.85 during mid-day trading on Wednesday, reaching $93.40. The company had a trading volume of 2,720,765 shares, compared to its average volume of 2,558,464. Ingersoll Rand Inc. has a twelve month low of $53.24 and a twelve month high of $96.17. 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 company's 50-day moving average is $88.66 and its 200-day moving average is $76.36. The company has a market capitalization of $37.68 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.36 and a beta of 1.44.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.76 billion. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand's dividend payout ratio is 4.21%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IR shares. BNP Paribas started coverage on Ingersoll Rand in a research note on Tuesday, March 12th. They set a "neutral" rating and a $92.00 target price for the company. Citigroup increased their target price on Ingersoll Rand from $79.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, December 11th. Barclays raised their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday. Stifel Nicolaus reiterated a "buy" rating and issued a $102.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Finally, StockNews.com downgraded Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and an average target price of $87.50.

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.

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