APG Asset Management N.V. Has $19.26 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

APG Asset Management N.V. grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1,279.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,500 shares of the industrial products company's stock after buying an additional 204,514 shares during the period. APG Asset Management N.V. owned 0.05% of Ingersoll Rand worth $19,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in IR. Centiva Capital LP acquired a new position in shares of Ingersoll Rand during the 3rd quarter valued at $328,000. Quantinno Capital Management LP grew its holdings in Ingersoll Rand by 48.0% during the third quarter. Quantinno Capital Management LP now owns 16,391 shares of the industrial products company's stock worth $1,609,000 after acquiring an additional 5,317 shares during the period. Stifel Financial Corp raised its position in Ingersoll Rand by 21.1% in the third quarter. Stifel Financial Corp now owns 142,232 shares of the industrial products company's stock worth $13,962,000 after acquiring an additional 24,792 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $546,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Ingersoll Rand by 11.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,259 shares of the industrial products company's stock valued at $1,203,000 after purchasing an additional 1,259 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

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Ingersoll Rand Stock Up 0.3 %

Ingersoll Rand stock traded up $0.19 during trading hours on Tuesday, hitting $73.56. The company had a trading volume of 496,889 shares, compared to its average volume of 2,549,064. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. 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 $29.65 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40. The firm's fifty day moving average is $81.56 and its 200-day moving average is $91.76.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. On average, research 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's payout ratio is presently 3.88%.

Wall Street Analysts Forecast Growth

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

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.