5,805 Shares in Ingersoll Rand Inc. (NYSE:IR) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,805 shares of the industrial products company's stock, valued at approximately $525,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after buying an additional 1,538,056 shares during the period. JPMorgan Chase & Co. lifted its stake in Ingersoll Rand by 8.7% in 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 acquiring an additional 1,462,538 shares during the period. Franklin Resources Inc. grew its holdings in Ingersoll Rand by 2.5% during 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 acquiring an additional 278,710 shares in the last quarter. Nordea Investment Management AB increased its position in Ingersoll Rand by 19.1% during the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company's stock valued at $153,867,000 after purchasing an additional 271,381 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $131,000. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IR. Evercore ISI reduced their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. UBS Group initiated coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price target for the company. Citigroup dropped their price objective on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Finally, Robert W. Baird raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of "Moderate Buy" and an average target price of $104.25.

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Ingersoll Rand Stock Performance

Shares of NYSE IR traded down $0.62 during midday trading on Tuesday, reaching $82.90. The company had a trading volume of 2,482,882 shares, compared to its average volume of 2,378,362. The stock has a market cap of $33.42 billion, a P/E ratio of 40.24, a P/E/G ratio of 3.50 and a beta of 1.48. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 1 year low of $79.97 and a 1 year high of $106.03. The business's 50-day simple moving average is $89.04 and its 200 day simple moving average is $94.50.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

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.