one8zero8 LLC Purchases New Holdings in Ingersoll Rand Inc. (NYSE:IR)

one8zero8 LLC purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 8,139 shares of the industrial products company's stock, valued at approximately $736,000.

A number of other hedge funds have also recently made changes to their positions in IR. FMR LLC raised its stake in shares of Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock valued at $1,585,489,000 after acquiring an additional 1,538,056 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock valued at $1,789,376,000 after buying an additional 1,462,538 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $45,004,000. Amundi lifted its position in Ingersoll Rand by 17.0% during the fourth quarter. Amundi now owns 2,162,728 shares of the industrial products company's stock valued at $192,980,000 after purchasing an additional 313,674 shares during the period. Finally, Franklin Resources Inc. lifted its position in Ingersoll Rand by 2.5% during the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock valued at $1,207,554,000 after purchasing an additional 278,710 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of IR stock traded down $0.50 on Thursday, hitting $81.63. 1,473,127 shares of the stock traded hands, compared to its average volume of 2,377,354. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. The firm has a 50 day simple moving average of $87.83 and a two-hundred day simple moving average of $94.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

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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 the consensus estimate of $0.85 by ($0.04). The firm had revenue of $1.90 billion for 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%. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $0.02 dividend. The ex-dividend date of this dividend is 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%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IR. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their price target 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. Evercore ISI decreased their price target on shares of 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. Barclays decreased their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Six 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 an average rating of "Moderate Buy" and an average price target of $105.36.

Ingersoll Rand Company 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.