ExodusPoint Capital Management LP Invests $14.07 Million in Ingersoll Rand Inc. (NYSE:IR)

ExodusPoint Capital Management LP acquired a new stake 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 (SEC). The institutional investor acquired 155,518 shares of the industrial products company's stock, valued at approximately $14,068,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in shares of Ingersoll Rand by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after buying an additional 109 shares during the last quarter. UMB Bank n.a. grew its position in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after acquiring an additional 127 shares during the period. RDA Financial Network grew its position in Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after acquiring an additional 128 shares during the period. FSM Wealth Advisors LLC increased its stake in Ingersoll Rand by 5.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after acquiring an additional 134 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 136 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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Ingersoll Rand Stock Up 10.1 %

Shares of Ingersoll Rand stock traded up $6.72 during trading hours on Wednesday, reaching $73.47. 7,395,086 shares of the company were exchanged, compared to its average volume of 2,520,765. The firm has a market cap of $29.61 billion, a PE ratio of 35.67, a PEG ratio of 3.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The stock's fifty day moving average is $82.77 and its 200 day moving average is $92.30.

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

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.11%. Ingersoll Rand's dividend payout ratio (DPR) is 3.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IR. Barclays lowered their price target on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company 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 company an "outperform" rating in a research note on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on shares of 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, The Goldman Sachs Group boosted 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.09.

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.