Vanguard Group Inc. Raises Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Vanguard Group Inc. increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,684,016 shares of the industrial products company's stock after acquiring an additional 446,591 shares during the period. Vanguard Group Inc. owned approximately 11.34% of Ingersoll Rand worth $4,132,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after purchasing an additional 1,538,056 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after buying an additional 1,462,538 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Ingersoll Rand in the fourth quarter worth approximately $45,004,000. LPL Financial LLC grew its holdings in shares of Ingersoll Rand by 204.0% during the fourth quarter. LPL Financial LLC now owns 706,886 shares of the industrial products company's stock valued at $63,945,000 after buying an additional 474,331 shares during the last quarter. Finally, Amundi increased its position in shares of Ingersoll Rand by 17.0% during the fourth quarter. Amundi now owns 2,162,728 shares of the industrial products company's stock valued at $192,980,000 after acquiring an additional 313,674 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IR shares. Stifel Nicolaus lowered their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Citigroup lowered their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Evercore ISI reduced their price target on shares of 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. Finally, Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand has an average rating of "Moderate Buy" and an average price target of $105.09.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock traded down $1.23 on Friday, hitting $80.07. 151,965 shares of the company's stock were exchanged, compared to its average volume of 2,538,940. Ingersoll Rand Inc. has a 1 year low of $79.66 and a 1 year high of $106.03. The company has a 50-day simple moving average of $86.94 and a 200-day simple moving average of $93.72. 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 stock has a market capitalization of $32.28 billion, a PE ratio of 38.87, a PEG ratio of 3.50 and a beta of 1.48.

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 for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio is 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.