Korea Investment CORP Has $24.04 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Korea Investment CORP reduced its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 27.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 265,721 shares of the industrial products company's stock after selling 98,604 shares during the period. Korea Investment CORP owned about 0.07% of Ingersoll Rand worth $24,037,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Ingersoll Rand in the fourth quarter valued at about $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the 4th quarter valued at about $38,000. Lee Danner & Bass Inc. bought a new position in Ingersoll Rand in the 4th quarter valued at about $42,000. Millstone Evans Group LLC acquired a new stake in Ingersoll Rand during the fourth quarter worth approximately $50,000. Finally, UMB Bank n.a. boosted its holdings in shares of Ingersoll Rand by 27.0% during the fourth 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 during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IR. Robert W. Baird lifted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Barclays decreased their price target on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.09.

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Ingersoll Rand Price Performance

Shares of IR stock traded up $0.62 during trading hours on Monday, reaching $80.06. The company's stock had a trading volume of 2,928,004 shares, compared to its average volume of 2,454,216. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a fifty-two week low of $77.28 and a fifty-two week high of $106.03. The company has a market capitalization of $32.27 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 3.50 and a beta of 1.48. The firm's 50 day simple moving average is $86.69 and its 200-day simple moving average is $93.73.

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). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Sell-side 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 was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a $0.02 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. 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.