103,606 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 103,606 shares of the industrial products company's stock, valued at approximately $9,372,000.

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

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Ingersoll Rand Stock Down 5.5 %

NYSE:IR traded down $4.01 during mid-day trading on Friday, hitting $69.51. 6,552,942 shares of the company's stock traded hands, compared to its average volume of 2,472,963. The company has a fifty day moving average of $85.05 and a 200 day moving average of $93.22. 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 twelve month low of $67.27 and a twelve month high of $106.03. The company has a market capitalization of $28.02 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Ingersoll Rand's payout ratio is currently 3.88%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IR. Barclays dropped their price objective on Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Evercore ISI cut their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Robert W. Baird upped their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.09.

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.