Invesco Ltd. Grows Position in Ingersoll Rand Inc. (NYSE:IR)

Invesco Ltd. lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,125,280 shares of the industrial products company's stock after purchasing an additional 87,145 shares during the period. Invesco Ltd. owned about 0.78% of Ingersoll Rand worth $282,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IR. Quantinno Capital Management LP raised its stake in shares of 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 valued at $1,609,000 after acquiring an additional 5,317 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Ingersoll Rand during the 3rd quarter worth about $546,000. Orion Portfolio Solutions LLC grew its position in shares of Ingersoll Rand by 11.4% in 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 buying an additional 1,259 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Ingersoll Rand by 504.0% in the third quarter. MML Investors Services LLC now owns 49,188 shares of the industrial products company's stock valued at $4,828,000 after buying an additional 41,044 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Ingersoll Rand by 5.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 119,190 shares of the industrial products company's stock worth $11,700,000 after acquiring an additional 6,318 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Remove Ads

Ingersoll Rand Stock Down 0.7 %

Shares of Ingersoll Rand stock traded down $0.50 during trading hours on Wednesday, reaching $72.33. The company's stock had a trading volume of 234,095 shares, compared to its average volume of 2,825,745. 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's fifty day simple moving average is $81.17 and its two-hundred day simple moving average is $91.62. The company has a market capitalization of $29.15 billion, a P/E ratio of 35.11, a P/E/G ratio of 3.50 and a beta of 1.40. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid 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 dividend yield of 0.11%. Ingersoll Rand's payout ratio is currently 3.88%.

Analyst Ratings Changes

Several research firms have issued reports on IR. Wells Fargo & Company lowered their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday. Barclays decreased their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Evercore ISI dropped their price objective on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup lowered their target price on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average target price 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.