Swiss National Bank lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,139,880 shares of the industrial products company's stock after selling 57,400 shares during the period. Swiss National Bank owned about 0.28% of Ingersoll Rand worth $103,114,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in IR. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the 3rd quarter worth about $34,000. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $38,000. UMB Bank n.a. lifted its position in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after buying an additional 127 shares in the last quarter. Versant Capital Management Inc increased its holdings in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock worth $61,000 after acquiring an additional 589 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Ingersoll Rand during the fourth quarter worth $99,000. Institutional investors and hedge funds own 95.27% of the company's stock.
Ingersoll Rand Trading Up 0.6 %
Shares of NYSE IR traded up $0.47 during midday trading on Wednesday, reaching $82.08. 2,361,004 shares of the stock were exchanged, compared to its average volume of 2,378,396. The stock has a market capitalization of $33.09 billion, a P/E ratio of 39.85, a PEG ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company has a 50 day simple moving average of $87.98 and a 200 day simple moving average of $94.12. Ingersoll Rand Inc. has a twelve month low of $79.51 and a twelve month high of $106.03.
Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion during 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%. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio is currently 3.88%.
Analyst Ratings Changes
A number of brokerages recently weighed in on IR. 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 research note on Thursday, December 12th. 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 report on Wednesday, February 19th. Stifel Nicolaus decreased their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Barclays dropped their target price on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Citigroup lowered 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.36.
Read Our Latest Research Report on IR
Ingersoll Rand Company Profile
(
Free Report)
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.
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