Ingersoll Rand Inc. (NYSE:IR) Stock Position Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,727 shares of the industrial products company's stock after purchasing an additional 5,083 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Ingersoll Rand were worth $970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IR. OneDigital Investment Advisors LLC lifted its position in Ingersoll Rand by 120.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,318 shares of the industrial products company's stock valued at $718,000 after purchasing an additional 4,001 shares during the last quarter. Empowered Funds LLC raised its position in shares of Ingersoll Rand by 7.8% during the 3rd quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company's stock worth $630,000 after buying an additional 463 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Ingersoll Rand by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company's stock worth $3,216,000 after buying an additional 1,171 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Ingersoll Rand by 7.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,755 shares of the industrial products company's stock worth $761,000 after buying an additional 512 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $2,285,000. 95.27% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on IR. 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. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Barclays dropped their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.36.

Ingersoll Rand Trading Down 0.8 %

Shares of Ingersoll Rand stock traded down $0.67 during trading on Friday, hitting $81.00. The stock had a trading volume of 2,946,273 shares, compared to its average volume of 2,380,646. The stock has a 50 day simple moving average of $87.56 and a 200 day simple moving average of $93.91. The company has a market capitalization of $32.65 billion, a PE ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. 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 $79.79 and a 1 year high of $106.03.

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

Ingersoll Rand Announces Dividend

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

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.