Tower Research Capital LLC TRC Has $3.63 Million Position in Ingersoll Rand Inc. (NYSE:IR)

Tower Research Capital LLC TRC grew its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 358.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,072 shares of the industrial products company's stock after buying an additional 31,331 shares during the quarter. Tower Research Capital LLC TRC's holdings in Ingersoll Rand were worth $3,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in Ingersoll Rand in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in Ingersoll Rand during the 4th quarter worth approximately $38,000. Lee Danner & Bass Inc. acquired a new position in Ingersoll Rand during the fourth quarter valued at approximately $42,000. Millstone Evans Group LLC purchased a new stake in Ingersoll Rand during the 4th quarter worth $50,000. Finally, UMB Bank n.a. boosted its position 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 buying an additional 127 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IR. Stifel Nicolaus cut their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Robert W. Baird raised their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Citigroup decreased their price target on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company dropped 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 report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.36.

Ingersoll Rand Stock Down 1.1 %

Shares of IR stock traded down $0.84 on Friday, reaching $74.90. 3,400,737 shares of the company's stock traded hands, compared to its average volume of 2,555,333. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The business's 50 day moving average price is $78.69 and its two-hundred day moving average price is $90.38. The company has a market capitalization of $30.19 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40.

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 net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. Ingersoll Rand's dividend payout ratio is currently 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.