Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,709 shares of the industrial products company's stock after acquiring an additional 9,545 shares during the quarter. Clearbridge Investments LLC's holdings in Ingersoll Rand were worth $5,039,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Public Sector Pension Investment Board boosted its stake in shares of Ingersoll Rand by 13.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 17,570 shares of the industrial products company's stock worth $1,725,000 after acquiring an additional 2,100 shares in the last quarter. Verition Fund Management LLC grew its holdings in Ingersoll Rand by 108.2% in the third quarter. Verition Fund Management LLC now owns 7,377 shares of the industrial products company's stock valued at $724,000 after purchasing an additional 3,834 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Ingersoll Rand in the third quarter valued at $424,000. Benjamin Edwards Inc. acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth $1,133,000. Finally, Centiva Capital LP purchased a new stake in shares of Ingersoll Rand in the 3rd quarter worth about $328,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 13th. Stifel Nicolaus dropped their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Finally, Evercore ISI reduced their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.09.

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Ingersoll Rand Trading Up 3.0 %

IR stock traded up $2.02 during trading on Tuesday, reaching $69.96. 946,768 shares of the stock traded hands, compared to its average volume of 2,672,062. The firm has a market capitalization of $28.20 billion, a PE ratio of 33.92, a P/E/G ratio of 3.50 and a beta of 1.40. Ingersoll Rand Inc. has a 52-week low of $65.64 and a 52-week 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. The business's 50 day moving average price is $84.56 and its 200-day moving average price is $93.00.

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 analysts' consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's payout ratio is 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.