4,552 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Heritage Trust Co

Heritage Trust Co purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,552 shares of the industrial products company's stock, valued at approximately $412,000.

A number of other hedge funds also recently modified their holdings of IR. Norges Bank bought a new position in Ingersoll Rand during the 4th quarter worth approximately $429,591,000. JPMorgan Chase & Co. raised its stake in Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after buying an additional 1,462,538 shares during the last quarter. FMR LLC lifted its holdings in Ingersoll Rand by 8.2% in the fourth quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock valued at $1,580,546,000 after buying an additional 1,320,223 shares during the period. Franklin Resources Inc. boosted its position in Ingersoll Rand by 5.9% during the fourth quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company's stock valued at $1,110,593,000 after acquiring an additional 679,856 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in Ingersoll Rand during the 4th quarter worth about $47,763,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Citigroup cut their price target on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a report on Monday. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Barclays cut their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Remove Ads

Ingersoll Rand Stock Down 1.9 %

Shares of Ingersoll Rand stock traded down $1.40 on Wednesday, hitting $71.43. The company had a trading volume of 1,353,725 shares, compared to its average volume of 2,841,678. The stock has a market capitalization of $28.79 billion, a price-to-earnings ratio of 34.67, a P/E/G 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 has a 50 day moving average of $81.17 and a 200-day moving average of $91.62.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share 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. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. Ingersoll Rand's payout ratio is presently 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.