Marshall Wace LLP Acquires New Shares in Ingersoll Rand Inc. (NYSE:IR)

Marshall Wace LLP acquired a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 157,037 shares of the industrial products company's stock, valued at approximately $14,206,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Ingersoll Rand by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock valued at $4,132,576,000 after acquiring an additional 446,591 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Ingersoll Rand by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock valued at $1,707,729,000 after acquiring an additional 649,102 shares during the last quarter. FMR LLC boosted its holdings in Ingersoll Rand by 8.2% in the fourth quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock worth $1,580,546,000 after purchasing an additional 1,320,223 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Ingersoll Rand by 5.9% in the 4th quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company's stock worth $1,110,593,000 after purchasing an additional 679,856 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Ingersoll Rand by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,648,574 shares of the industrial products company's stock worth $870,503,000 after acquiring an additional 212,107 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Ingersoll Rand stock traded up $1.14 during midday trading on Wednesday, reaching $73.39. 2,032,839 shares of the company's stock were exchanged, compared to its average volume of 2,561,807. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The stock's 50-day simple moving average is $78.89 and its 200 day simple moving average is $90.54. 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 firm has a market cap of $29.58 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. 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 research report on Wednesday, February 19th. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Barclays dropped their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup dropped their price target on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.