Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 763.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 38,000 shares of the industrial products company's stock after buying an additional 33,600 shares during the period. Erste Asset Management GmbH's holdings in Ingersoll Rand were worth $3,507,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $34,000. OFI Invest Asset Management purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $38,000. UMB Bank n.a. lifted its stake in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc lifted its stake in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock worth $61,000 after purchasing an additional 589 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $99,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

NYSE IR traded up $0.47 during trading hours on Wednesday, hitting $82.08. 2,361,004 shares of the stock were exchanged, compared to its average volume of 2,378,396. The company has a market cap of $33.09 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12-month low of $79.51 and a 12-month high of $106.03. The stock has a 50-day moving average of $87.98 and a 200 day moving average of $94.12. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

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Ingersoll Rand (NYSE:IR - Get Free Report) last posted 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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand's payout ratio is currently 3.88%.

Analyst Ratings Changes

Several research firms have recently commented on IR. The Goldman Sachs Group lifted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Citigroup dropped 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 note on Monday, January 13th. Robert W. Baird boosted their target price 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. Stifel Nicolaus lowered their target price 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, Barclays decreased their price objective 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. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.36.

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.