Sciencast Management LP Acquires New Position in Ingersoll Rand Inc. (NYSE:IR)

Sciencast Management LP purchased a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,624 shares of the industrial products company's stock, valued at approximately $3,042,000. Ingersoll Rand accounts for about 0.8% of Sciencast Management LP's portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also modified their holdings of IR. Chicago Partners Investment Group LLC increased its holdings in Ingersoll Rand by 4.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after acquiring an additional 109 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Ingersoll Rand by 27.0% in 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 in the last quarter. RDA Financial Network increased its stake in shares of Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after purchasing an additional 128 shares in the last quarter. FSM Wealth Advisors LLC raised its position in shares of Ingersoll Rand by 5.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock valued at $222,000 after purchasing an additional 134 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Ingersoll Rand by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock valued at $388,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

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Ingersoll Rand Trading Down 1.2 %

IR traded down $1.00 during trading on Wednesday, reaching $81.37. The company had a trading volume of 1,782,018 shares, compared to its average volume of 2,378,791. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. The stock has a market cap of $32.80 billion, a P/E ratio of 39.50, a PEG 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. The business has a 50 day simple moving average of $87.30 and a 200-day simple moving average of $93.89.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued 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). 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%. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued 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 payout ratio is currently 3.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Stifel Nicolaus cut their target price on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Citigroup lowered their price target on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Evercore ISI dropped their price target on 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. Finally, Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.09.

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.