Amundi Has $192.98 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Amundi boosted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,162,728 shares of the industrial products company's stock after acquiring an additional 313,674 shares during the quarter. Amundi owned 0.54% of Ingersoll Rand worth $192,980,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its stake in shares of Ingersoll Rand by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after acquiring an additional 109 shares in the last quarter. UMB Bank n.a. boosted 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 acquiring an additional 127 shares in the last quarter. RDA Financial Network boosted its stake in shares of Ingersoll Rand by 3.1% during the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after acquiring an additional 128 shares in the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of Ingersoll Rand by 5.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after acquiring an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Ingersoll Rand by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after acquiring an additional 136 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have recently commented on IR shares. Wells Fargo & Company decreased their target price 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. Barclays decreased their target price on Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating for the company in a research report on Monday. The Goldman Sachs Group raised their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.36.

Ingersoll Rand Stock Down 1.9 %

NYSE IR traded down $1.54 during trading on Thursday, hitting $79.95. 2,180,503 shares of the company traded hands, compared to its average volume of 2,380,878. Ingersoll Rand Inc. has a 12 month low of $79.82 and a 12 month high of $106.03. The business has a fifty day simple moving average of $88.71 and a 200 day simple moving average of $94.34. 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 company has a market capitalization of $32.23 billion, a P/E ratio of 38.81, a PEG ratio of 3.50 and a beta of 1.48.

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

Ingersoll Rand Announces Dividend

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