Quantbot Technologies LP Makes New Investment in Ingersoll Rand Inc. (NYSE:IR)

Quantbot Technologies LP purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,884 shares of the industrial products company's stock, valued at approximately $2,161,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in Ingersoll Rand by 10.5% in 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 purchasing an additional 1,538,056 shares during the last quarter. JPMorgan Chase & Co. grew its position in Ingersoll Rand by 8.7% in the 3rd 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. acquired a new position in shares of Ingersoll Rand during the fourth quarter worth about $45,004,000. Amundi raised its stake in shares of Ingersoll Rand by 17.0% during the 4th quarter. Amundi now owns 2,162,728 shares of the industrial products company's stock worth $192,980,000 after buying an additional 313,674 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Ingersoll Rand by 2.5% in 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 acquiring an additional 278,710 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on IR. Wells Fargo & Company decreased 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. Barclays reduced their target price on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research report on Wednesday. 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 report on Monday, January 13th. The Goldman Sachs Group raised their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Evercore ISI decreased their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.09.

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Ingersoll Rand Trading Down 0.0 %

Shares of IR stock traded down $0.01 during trading hours on Thursday, reaching $81.37. 1,963,515 shares of the stock traded hands, compared to its average volume of 2,378,929. The business has a fifty day moving average price of $87.12 and a 200 day moving average price of $93.80. 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 firm has a market capitalization of $32.80 billion, a PE ratio of 39.50, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

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.