Cibc World Markets Corp Increases Position in Ingersoll Rand Inc. (NYSE:IR)

Cibc World Markets Corp raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,613 shares of the industrial products company's stock after buying an additional 8,832 shares during the period. Cibc World Markets Corp's holdings in Ingersoll Rand were worth $5,754,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First National Advisers LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $1,472,000. Glenview Trust co raised its stake in shares of Ingersoll Rand by 1.2% during the fourth quarter. Glenview Trust co now owns 187,344 shares of the industrial products company's stock valued at $16,947,000 after acquiring an additional 2,304 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Ingersoll Rand by 4.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,039 shares of the industrial products company's stock valued at $999,000 after acquiring an additional 442 shares in the last quarter. one8zero8 LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $736,000. Finally, Natixis Advisors LLC raised its stake in shares of Ingersoll Rand by 2.1% during the fourth quarter. Natixis Advisors LLC now owns 152,194 shares of the industrial products company's stock valued at $13,767,000 after acquiring an additional 3,090 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on IR. Barclays decreased their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Citigroup reduced their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Evercore ISI reduced their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.36.

Ingersoll Rand Stock Down 0.8 %

Shares of IR stock traded down $0.67 during trading hours on Friday, reaching $81.00. 2,946,273 shares of the company's stock were exchanged, compared to its average volume of 2,380,646. The stock's 50 day moving average is $87.56 and its 200-day moving average is $93.91. The company has a market cap of $32.65 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a fifty-two week low of $79.79 and a fifty-two week high of $106.03.

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). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. 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 (DPR) is presently 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.