AIA Group Ltd raised its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 20.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,199 shares of the industrial products company's stock after buying an additional 7,005 shares during the quarter. AIA Group Ltd's holdings in Ingersoll Rand were worth $3,727,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth $38,000. Lee Danner & Bass Inc. bought a new position in shares of Ingersoll Rand in the 4th quarter worth about $42,000. Millstone Evans Group LLC acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its holdings in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 95.27% of the company's stock.
Ingersoll Rand Trading Down 5.5 %
Shares of NYSE IR traded down $4.01 during mid-day trading on Friday, hitting $69.51. 6,552,942 shares of the company traded hands, compared to its average volume of 2,472,963. 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 Inc. has a 1 year low of $67.19 and a 1 year high of $106.03. The stock has a market capitalization of $28.02 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.50 and a beta of 1.48. The business has a 50 day moving average of $85.05 and a two-hundred day moving average of $93.22.
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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, sell-side analysts anticipate 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 was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on IR. Evercore ISI decreased their price objective on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Citigroup decreased their price target on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays reduced their price target 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, March 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.09.
View Our Latest Stock Analysis on IR
Ingersoll Rand Company Profile
(
Free Report)
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.
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