Bank Julius Baer & Co. Ltd Zurich Boosts Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 354,110 shares of the industrial products company's stock after purchasing an additional 5,438 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.09% of Ingersoll Rand worth $32,798,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC boosted 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 valued at $1,585,489,000 after buying an additional 1,538,056 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ingersoll Rand by 8.7% during 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 purchasing an additional 1,462,538 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at $45,004,000. Franklin Resources Inc. lifted its holdings in shares of 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 valued at $1,207,554,000 after purchasing an additional 278,710 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake 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 worth $153,867,000 after buying an additional 271,381 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

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Ingersoll Rand Stock Performance

IR stock traded down $1.41 during midday trading on Wednesday, hitting $81.48. 2,542,812 shares of the stock traded hands, compared to its average volume of 2,379,633. The stock's fifty day simple moving average is $88.89 and its 200-day simple moving average is $94.44. The firm has a market cap of $32.84 billion, a P/E ratio of 39.55, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 1-year low of $79.97 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly 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 business had revenue of $1.90 billion during 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, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a $0.02 dividend. 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 is currently 3.88%.

Wall Street Analyst Weigh In

IR has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Citigroup dropped their target price 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. UBS Group started coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price target for the company. The Goldman Sachs Group upped their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Evercore ISI lowered their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.25.

About Ingersoll Rand

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.