Jump Financial LLC Makes New $760,000 Investment in Ingersoll Rand Inc. (NYSE:IR)

Jump Financial LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,402 shares of the industrial products company's stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. Murphy & Mullick Capital Management Corp acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. purchased a new position in Ingersoll Rand during the fourth quarter worth approximately $42,000. Millstone Evans Group LLC acquired a new position in Ingersoll Rand during the fourth quarter worth $50,000. Finally, UMB Bank n.a. grew its holdings in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. 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. Citigroup decreased their target price on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company dropped 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 note on Tuesday, January 7th. Barclays reduced their price target on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus cut their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of "Moderate Buy" and an average target price of $100.36.

Ingersoll Rand Price Performance

IR stock opened at $72.27 on Wednesday. The business's fifty day moving average price is $79.14 and its 200 day moving average price is $90.66. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The company has a market capitalization of $29.13 billion, a PE ratio of 35.08, a P/E/G ratio of 3.50 and a beta of 1.40. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly 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). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio is currently 3.88%.

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.

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