Natixis Advisors LLC Boosts Stake in Ingersoll Rand Inc. (NYSE:IR)

Natixis Advisors LLC raised its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 152,194 shares of the industrial products company's stock after buying an additional 3,090 shares during the quarter. Natixis Advisors LLC's holdings in Ingersoll Rand were worth $13,767,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Ingersoll Rand by 2.3% during the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company's stock valued at $628,000 after acquiring an additional 158 shares during the period. Virtu Financial LLC purchased a new position in Ingersoll Rand in the 3rd quarter valued at approximately $864,000. Nordea Investment Management AB raised its holdings in Ingersoll Rand by 19.1% during the fourth quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company's stock worth $153,867,000 after purchasing an additional 271,381 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Ingersoll Rand by 9.4% during the third quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company's stock worth $8,916,000 after purchasing an additional 7,784 shares during the last quarter. Finally, abrdn plc raised its holdings in Ingersoll Rand by 70.5% during the fourth quarter. abrdn plc now owns 262,863 shares of the industrial products company's stock worth $23,851,000 after purchasing an additional 108,700 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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Ingersoll Rand Trading Down 0.8 %

Shares of NYSE:IR traded down $0.67 during midday trading on Friday, reaching $81.00. The company's stock had a trading volume of 2,946,273 shares, compared to its average volume of 2,380,646. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. 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 1 year low of $79.79 and a 1 year high of $106.03. The business has a 50 day moving average price of $87.56 and a 200 day moving average price of $93.91.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 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 analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Wall Street Analysts Forecast Growth

IR has been the subject of several research reports. Evercore ISI reduced their price objective on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Barclays reduced their price objective on Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Robert W. Baird lifted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Six 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.36.

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.