Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,951 shares of the industrial products company's stock after purchasing an additional 4,111 shares during the period. Advisors Asset Management Inc.'s holdings in Ingersoll Rand were worth $2,709,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $38,000. UMB Bank n.a. raised its stake in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock worth $61,000 after buying an additional 589 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $99,000. Finally, WASHINGTON TRUST Co increased its holdings in Ingersoll Rand by 18.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Trading Down 1.2 %

Shares of IR traded down $1.00 during trading hours on Wednesday, hitting $81.37. The stock had a trading volume of 1,782,018 shares, compared to its average volume of 2,378,791. Ingersoll Rand Inc. has a 12-month low of $79.79 and a 12-month high of $106.03. The firm has a market cap of $32.80 billion, a P/E ratio of 39.50, a P/E/G ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company's fifty day simple moving average is $87.30 and its 200 day simple moving average is $93.89.

Remove Ads

Ingersoll Rand (NYSE:IR - Get Free Report) last released 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Evercore ISI decreased 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. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays lowered their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.09.

Ingersoll Rand Company 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.