3,183 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by AXQ Capital LP

AXQ Capital LP acquired a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,183 shares of the industrial products company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC grew its stake in Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock valued at $1,585,489,000 after acquiring an additional 1,538,056 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after purchasing an additional 1,462,538 shares during the period. Raymond James Financial Inc. purchased a new position in Ingersoll Rand during the fourth quarter valued at approximately $45,004,000. Amundi increased its stake in Ingersoll Rand by 17.0% in the 4th quarter. Amundi now owns 2,162,728 shares of the industrial products company's stock valued at $192,980,000 after buying an additional 313,674 shares during the period. Finally, Franklin Resources Inc. lifted its position in Ingersoll Rand by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock worth $1,207,554,000 after buying an additional 278,710 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

NYSE:IR traded down $0.01 during mid-day trading on Thursday, hitting $81.37. 1,963,515 shares of the company's stock traded hands, compared to its average volume of 2,378,929. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $87.12 and a two-hundred day moving average of $93.80. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03.

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

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Analyst Ratings Changes

IR has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Evercore ISI dropped their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Barclays lowered their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Citigroup cut their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Ingersoll Rand presently has an average rating of "Moderate Buy" and a consensus price target of $105.09.

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.