26,780 Shares in Ingersoll Rand Inc. (NYSE:IR) Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan bought a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,780 shares of the industrial products company's stock, valued at approximately $2,423,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock worth $4,132,576,000 after buying an additional 446,591 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ingersoll Rand by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock worth $1,707,729,000 after acquiring an additional 649,102 shares during the period. FMR LLC boosted its position in shares of Ingersoll Rand by 8.2% in the fourth quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock worth $1,580,546,000 after acquiring an additional 1,320,223 shares during the last quarter. Franklin Resources Inc. grew its holdings in Ingersoll Rand by 5.9% in the fourth quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company's stock valued at $1,110,593,000 after purchasing an additional 679,856 shares during the period. Finally, Geode Capital Management LLC increased its position in Ingersoll Rand by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,648,574 shares of the industrial products company's stock worth $870,503,000 after purchasing an additional 212,107 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

NYSE IR traded up $0.69 on Friday, hitting $72.05. The stock had a trading volume of 1,891,025 shares, compared to its average volume of 2,561,485. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 3.50 and a beta of 1.40. The company's 50-day moving average is $79.98 and its two-hundred day moving average is $91.13. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's payout ratio is currently 3.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IR shares. Robert W. Baird boosted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Evercore ISI dropped their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Citigroup decreased their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company cut their target price 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $100.36.

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.