Daiwa Securities Group Inc. Boosts Position in Ingersoll Rand Inc. (NYSE:IR)

Daiwa Securities Group Inc. grew its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,292 shares of the industrial products company's stock after buying an additional 44,465 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Ingersoll Rand were worth $12,238,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IR. Concurrent Investment Advisors LLC increased its holdings in shares of Ingersoll Rand by 41.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,475 shares of the industrial products company's stock valued at $341,000 after purchasing an additional 1,012 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ingersoll Rand by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company's stock valued at $45,884,000 after purchasing an additional 3,165 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Ingersoll Rand by 61.3% in the 3rd quarter. Assetmark Inc. now owns 97,723 shares of the industrial products company's stock valued at $9,592,000 after purchasing an additional 37,154 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Ingersoll Rand by 18.5% in the 3rd quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company's stock valued at $1,313,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of Ingersoll Rand by 11.2% in the 3rd quarter. Sigma Planning Corp now owns 12,363 shares of the industrial products company's stock valued at $1,214,000 after purchasing an additional 1,249 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

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Ingersoll Rand Trading Down 1.9 %

Shares of Ingersoll Rand stock traded down $1.54 during mid-day trading on Thursday, hitting $79.95. 2,180,503 shares of the stock were exchanged, compared to its average volume of 2,381,159. Ingersoll Rand Inc. has a twelve month low of $79.82 and a twelve month high of $106.03. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The company has a 50-day simple moving average of $88.50 and a 200 day simple moving average of $94.24. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

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

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IR. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Citigroup cut their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 13th. UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of "Moderate Buy" and an average target price of $105.36.

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.