Polymer Capital Management US LLC Makes New Investment in Ingersoll Rand Inc. (NYSE:IR)

Polymer Capital Management US LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,213 shares of the industrial products company's stock, valued at approximately $652,000.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IR shares. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Robert W. Baird raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Evercore ISI decreased their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.36.

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Ingersoll Rand Stock Up 3.1 %

Shares of Ingersoll Rand stock traded up $2.17 during trading hours on Friday, hitting $73.11. 4,559,418 shares of the company's stock traded hands, compared to its average volume of 2,556,124. 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 twelve month low of $65.61 and a twelve month high of $106.03. The stock has a 50 day simple moving average of $81.94 and a 200-day simple moving average of $91.96. The company has a market cap of $29.47 billion, a PE ratio of 35.49, a PEG ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results 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 business had revenue of $1.90 billion for 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%. Equities research analysts anticipate 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 was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Ingersoll Rand's payout ratio is 3.88%.

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.