Schroder Investment Management Group Boosts Stake in Ingersoll Rand Inc. (NYSE:IR)

Schroder Investment Management Group lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,374 shares of the industrial products company's stock after buying an additional 4,888 shares during the quarter. Schroder Investment Management Group's holdings in Ingersoll Rand were worth $3,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Verition Fund Management LLC raised its stake in shares of Ingersoll Rand by 108.2% in the third quarter. Verition Fund Management LLC now owns 7,377 shares of the industrial products company's stock worth $724,000 after purchasing an additional 3,834 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Ingersoll Rand in the 3rd quarter valued at $1,133,000. Centiva Capital LP purchased a new stake in Ingersoll Rand during the 3rd quarter worth about $328,000. HighTower Advisors LLC boosted its position in shares of Ingersoll Rand by 171.8% during the 3rd quarter. HighTower Advisors LLC now owns 82,128 shares of the industrial products company's stock worth $8,059,000 after acquiring an additional 51,911 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in shares of Ingersoll Rand by 1.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 249,721 shares of the industrial products company's stock worth $24,513,000 after acquiring an additional 4,391 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on IR. Evercore ISI lowered their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 13th. Barclays reduced their target price on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price target on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $105.09.

Ingersoll Rand Stock Down 1.8 %

Shares of NYSE:IR traded down $1.33 during midday trading on Thursday, reaching $71.99. The company had a trading volume of 1,055,000 shares, compared to its average volume of 2,515,923. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The business's 50 day moving average price is $82.77 and its 200 day moving average price is $92.30. The stock has a market cap of $29.02 billion, a PE ratio of 34.90, a P/E/G ratio of 3.50 and a beta of 1.40. 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 released its 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). 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 during the quarter, compared to analyst estimates of $1.91 billion. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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