Capital International Investors Has $3.32 Billion Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Capital International Investors raised its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,673,865 shares of the industrial products company's stock after acquiring an additional 1,606,363 shares during the period. Capital International Investors owned about 9.10% of Ingersoll Rand worth $3,317,537,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IR. Capital International Sarl raised its stake in shares of Ingersoll Rand by 8.4% in the fourth quarter. Capital International Sarl now owns 256,231 shares of the industrial products company's stock valued at $23,179,000 after acquiring an additional 19,961 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Ingersoll Rand by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 486,717 shares of the industrial products company's stock worth $44,010,000 after purchasing an additional 2,630 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $14,206,000. NewEdge Advisors LLC increased its stake in shares of Ingersoll Rand by 25.6% in the fourth quarter. NewEdge Advisors LLC now owns 5,886 shares of the industrial products company's stock valued at $532,000 after buying an additional 1,198 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Ingersoll Rand in the fourth quarter valued at about $760,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI dropped 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 report on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Barclays lowered their target price on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird upped 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.36.

Ingersoll Rand Trading Up 2.7 %

Shares of Ingersoll Rand stock traded up $1.98 during trading on Wednesday, hitting $74.23. 925,075 shares of the company were exchanged, compared to its average volume of 2,553,456. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The firm has a market capitalization of $29.92 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40. The firm's fifty day moving average price is $79.14 and its 200 day moving average price is $90.66. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.11%. Ingersoll Rand's dividend payout ratio is presently 3.88%.

About Ingersoll Rand

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.