Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,648,574 shares of the industrial products company's stock after acquiring an additional 212,107 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of Ingersoll Rand worth $870,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IR. Vanguard Group Inc. grew its stake in shares of Ingersoll Rand by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock valued at $4,132,576,000 after purchasing an additional 446,591 shares during the last quarter. JPMorgan Chase & Co. grew its position in Ingersoll Rand by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock valued at $1,707,729,000 after buying an additional 649,102 shares during the last quarter. State Street Corp increased its stake in Ingersoll Rand by 0.7% in the 3rd quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock valued at $1,548,661,000 after buying an additional 112,824 shares during the period. Franklin Resources Inc. raised its position in Ingersoll Rand by 5.9% during the 4th quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company's stock worth $1,110,593,000 after buying an additional 679,856 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Ingersoll Rand by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,825,518 shares of the industrial products company's stock worth $617,436,000 after acquiring an additional 80,679 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on IR shares. Barclays dropped their price target on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus cut their target price on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Robert W. Baird lifted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Six equities research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $105.09.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock traded down $4.01 on Friday, hitting $69.51. The company's stock had a trading volume of 6,552,942 shares, compared to its average volume of 2,472,963. The company has a market capitalization of $28.02 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 52-week low of $67.27 and a 52-week high of $106.03. The firm has a fifty day moving average price of $85.05 and a 200-day moving average price of $93.22. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced 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). The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

Ingersoll Rand Company 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.