Tokio Marine Asset Management Co. Ltd. Acquires 500 Shares of Ingersoll Rand Inc. (NYSE:IR)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,403 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $1,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of 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 purchased a new stake in shares of Ingersoll Rand in the third quarter valued at about $42,000. UMB Bank n.a. raised its holdings in shares of Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Ingersoll Rand during the third quarter valued at about $65,000. Finally, Versant Capital Management Inc grew its position in Ingersoll Rand by 654.4% during the fourth 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 period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IR shares. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group increased their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays reduced their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Price Performance

IR opened at $92.58 on Tuesday. Ingersoll Rand Inc. has a 1 year low of $82.21 and a 1 year high of $106.03. The stock has a 50-day moving average price of $95.27 and a 200-day moving average price of $95.61. 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 cap of $37.31 billion, a PE ratio of 45.16, a P/E/G ratio of 3.72 and a beta of 1.43.

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.