16,409 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,409 shares of the industrial products company's stock, valued at approximately $1,484,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Ingersoll Rand by 15.9% in the 4th quarter. Advisors Asset Management Inc. now owns 29,951 shares of the industrial products company's stock valued at $2,709,000 after purchasing an additional 4,111 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Ingersoll Rand by 5.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 181,073 shares of the industrial products company's stock valued at $16,380,000 after buying an additional 8,656 shares in the last quarter. Signaturefd LLC grew its position in Ingersoll Rand by 1.3% during the fourth quarter. Signaturefd LLC now owns 14,432 shares of the industrial products company's stock worth $1,306,000 after buying an additional 188 shares in the last quarter. Cibc World Markets Corp increased its stake in Ingersoll Rand by 16.1% during the 4th quarter. Cibc World Markets Corp now owns 63,613 shares of the industrial products company's stock worth $5,754,000 after acquiring an additional 8,832 shares during the period. Finally, First National Advisers LLC acquired a new position in Ingersoll Rand in the 4th quarter valued at $1,472,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Trading Up 0.2 %

Shares of NYSE:IR traded up $0.15 during midday trading on Tuesday, hitting $82.38. 1,983,969 shares of the stock were exchanged, compared to its average volume of 2,383,405. The business's 50-day moving average price is $87.45 and its 200 day moving average price is $93.92. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

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Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio is currently 3.88%.

Analysts Set New Price Targets

A number of research analysts recently commented on IR shares. Citigroup decreased their price target on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Robert W. Baird upped their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Evercore ISI decreased their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group upped their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand presently 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.