Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC grew its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 165.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,983 shares of the industrial products company's stock after acquiring an additional 4,351 shares during the period. Headlands Technologies LLC's holdings in Ingersoll Rand were worth $632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand during the fourth quarter worth $38,000. Lee Danner & Bass Inc. purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $42,000. Millstone Evans Group LLC acquired a new stake in Ingersoll Rand during the 4th quarter valued at $50,000. Finally, UMB Bank n.a. increased its stake in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

IR has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Robert W. Baird raised their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.09.

Remove Ads

Ingersoll Rand Stock Performance

Shares of NYSE IR traded down $4.01 during midday trading 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 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 $67.27 and a 1-year high of $106.03. The firm's fifty day moving average price is $85.05 and its 200-day moving average price is $93.22. The firm has a market cap of $28.02 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $1.91 billion. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

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.