MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 8,453 Shares of Ingersoll Rand Inc. (NYSE:IR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 347,772 shares of the industrial products company’s stock after buying an additional 8,453 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ingersoll Rand were worth $31,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Oklahoma grew its stake in Ingersoll Rand by 7.7% in the fourth quarter. Trust Co. of Oklahoma now owns 8,578 shares of the industrial products company’s stock valued at $776,000 after purchasing an additional 614 shares during the last quarter. Teamwork Financial Advisors LLC boosted its holdings in shares of Ingersoll Rand by 13.8% in the 4th quarter. Teamwork Financial Advisors LLC now owns 33,077 shares of the industrial products company’s stock valued at $2,992,000 after buying an additional 4,005 shares in the last quarter. Mutual Advisors LLC grew its holdings in Ingersoll Rand by 12.2% in the fourth quarter. Mutual Advisors LLC now owns 3,996 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 436 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Ingersoll Rand by 1.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 84,347 shares of the industrial products company’s stock valued at $7,630,000 after buying an additional 1,542 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of Ingersoll Rand by 8.5% during the fourth quarter. Dakota Wealth Management now owns 49,405 shares of the industrial products company’s stock valued at $4,469,000 after acquiring an additional 3,890 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

NYSE:IR opened at $94.18 on Friday. The company’s 50-day moving average is $96.68 and its two-hundred day moving average is $95.77. Ingersoll Rand Inc. has a 1-year low of $78.61 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a market capitalization of $37.96 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.73 and a beta of 1.44.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IR. Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird cut their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Cfra upped their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company dropped 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.