Ossiam Raises Holdings in Ingersoll Rand Inc. (NYSE:IR)

Ossiam increased its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2,766.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,938 shares of the industrial products company's stock after purchasing an additional 111,893 shares during the period. Ossiam's holdings in Ingersoll Rand were worth $10,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Inc. CA raised its stake in shares of Ingersoll Rand by 1.1% in the fourth quarter. Capital International Inc. CA now owns 412,558 shares of the industrial products company's stock worth $37,320,000 after purchasing an additional 4,510 shares during the last quarter. Capital World Investors increased its holdings in Ingersoll Rand by 1.0% in the 4th quarter. Capital World Investors now owns 20,088,857 shares of the industrial products company's stock worth $1,817,238,000 after buying an additional 197,711 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ingersoll Rand by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,586,717 shares of the industrial products company's stock worth $324,463,000 after buying an additional 73,772 shares during the last quarter. GeoWealth Management LLC lifted its stake in Ingersoll Rand by 10.2% during the 4th quarter. GeoWealth Management LLC now owns 1,726 shares of the industrial products company's stock valued at $156,000 after acquiring an additional 160 shares during the period. Finally, Capital International Ltd. CA boosted its holdings in shares of Ingersoll Rand by 4.0% during the 4th quarter. Capital International Ltd. CA now owns 124,960 shares of the industrial products company's stock valued at $11,304,000 after acquiring an additional 4,777 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

NYSE IR traded up $1.14 on Wednesday, reaching $73.39. 2,032,839 shares of the stock were exchanged, compared to its average volume of 2,557,696. 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 Inc. has a one year low of $65.61 and a one year high of $106.03. The firm has a market capitalization of $29.58 billion, a PE ratio of 35.62, a PEG ratio of 3.50 and a beta of 1.40. The company's 50-day simple moving average is $79.14 and its two-hundred day simple moving average is $90.66.

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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS 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 dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IR shares. Citigroup lowered their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Evercore ISI cut 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. Wells Fargo & Company lowered their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.36.

About Ingersoll Rand

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.