First National Advisers LLC Acquires Shares of 16,278 Ingersoll Rand Inc. (NYSE:IR)

First National Advisers LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,278 shares of the industrial products company's stock, valued at approximately $1,472,000.

A number of other institutional investors and hedge funds have also modified their holdings of IR. Savant Capital LLC raised its stake in Ingersoll Rand by 2.3% in the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company's stock valued at $628,000 after purchasing an additional 158 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Ingersoll Rand in the third quarter valued at about $864,000. Nordea Investment Management AB lifted its stake in shares of Ingersoll Rand by 19.1% in the fourth 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 in the last quarter. Daiwa Securities Group Inc. boosted its position in Ingersoll Rand by 9.4% during the third quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company's stock worth $8,916,000 after acquiring an additional 7,784 shares during the last quarter. Finally, abrdn plc raised its holdings in Ingersoll Rand by 70.5% in the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company's stock valued at $23,851,000 after acquiring an additional 108,700 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Down 0.6 %

NYSE IR traded down $0.50 on Thursday, reaching $81.63. The stock had a trading volume of 1,473,127 shares, compared to its average volume of 2,377,354. Ingersoll Rand Inc. has a 12-month low of $79.79 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $87.83 and a two-hundred day moving average price of $94.03. The firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 39.63, a P/E/G ratio of 3.50 and a beta of 1.48.

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

Ingersoll Rand Announces Dividend

The firm 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 $0.02 dividend. 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 (DPR) is 3.88%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IR. The Goldman Sachs Group boosted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Evercore ISI reduced their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Barclays reduced their target price on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.