Inceptionr LLC lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 274.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,232 shares of the industrial products company's stock after purchasing an additional 11,168 shares during the quarter. Inceptionr LLC's holdings in Ingersoll Rand were worth $1,378,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand during the third quarter valued at $34,000. UMB Bank n.a. boosted its stake in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 589 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Ingersoll Rand in the 4th quarter valued at about $99,000. Finally, WASHINGTON TRUST Co raised its holdings in Ingersoll Rand by 18.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company's stock worth $103,000 after purchasing an additional 177 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.
Ingersoll Rand Price Performance
Shares of IR stock traded down $1.71 during trading hours on Monday, reaching $83.52. The company had a trading volume of 4,090,449 shares, compared to its average volume of 2,378,269. Ingersoll Rand Inc. has a 12-month low of $79.97 and a 12-month high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company has a market capitalization of $33.67 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 3.50 and a beta of 1.48. The stock has a fifty day moving average of $89.18 and a 200-day moving average of $94.54.
Ingersoll Rand (NYSE:IR - Get Free Report) last issued its 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). 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 analysts' expectations of $1.91 billion. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.
Ingersoll Rand Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand's payout ratio is 3.88%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on IR shares. Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Evercore ISI lowered their price objective on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Finally, Robert W. Baird boosted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.
Get Our Latest Report on IR
About Ingersoll Rand
(
Free Report)
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.
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