30,810 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by Essential Planning LLC.

Essential Planning LLC. acquired a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,810 shares of the industrial products company's stock, valued at approximately $3,067,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in Ingersoll Rand by 18.5% during the 3rd quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company's stock worth $1,313,000 after purchasing an additional 2,087 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of Ingersoll Rand by 11.2% during the third quarter. Sigma Planning Corp now owns 12,363 shares of the industrial products company's stock valued at $1,214,000 after buying an additional 1,249 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Ingersoll Rand by 4.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 24,682 shares of the industrial products company's stock valued at $2,423,000 after acquiring an additional 1,118 shares during the period. Los Angeles Capital Management LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth $201,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand during the 3rd quarter worth about $34,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

NYSE IR traded down $1.54 on Thursday, hitting $79.95. The company had a trading volume of 2,180,503 shares, compared to its average volume of 2,381,159. 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 company's fifty day moving average price is $88.50 and its 200-day moving average price is $94.24. The company has a market capitalization of $32.23 billion, a PE ratio of 38.81, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12-month low of $79.82 and a 12-month high of $106.03.

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Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion for 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%. As a group, analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IR shares. UBS Group assumed coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 price objective on the stock. Barclays cut their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a report on Monday. Evercore ISI decreased their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Citigroup lowered their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group boosted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Six investment 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 has a consensus rating of "Moderate Buy" and an average target price of $105.36.

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.