Regents Gate Capital LLP Takes Position in Ingersoll Rand Inc. (NYSE:IR)

Regents Gate Capital LLP bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 112,433 shares of the industrial products company’s stock, valued at approximately $10,171,000. Ingersoll Rand comprises 4.0% of Regents Gate Capital LLP’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand in the third quarter valued at 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 stake in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares in the last quarter. Versant Capital Management Inc grew its holdings in Ingersoll Rand by 654.4% during 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 during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Ingersoll Rand during the third quarter worth $65,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IR has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays decreased their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group began coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Ingersoll Rand Price Performance

IR stock opened at $90.96 on Monday. The company has a market cap of $36.66 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $94.04 and a two-hundred day moving average price of $95.40. Ingersoll Rand Inc. has a 12-month low of $83.72 and a 12-month high of $106.03.

About Ingersoll Rand

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.