Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,547 shares of the industrial products company's stock after purchasing an additional 6,059 shares during the period. UniSuper Management Pty Ltd's holdings in Ingersoll Rand were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Ingersoll Rand by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock valued at $1,707,729,000 after purchasing an additional 649,102 shares during the period. Elo Mutual Pension Insurance Co grew its stake in shares of Ingersoll Rand by 8.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 38,550 shares of the industrial products company's stock valued at $3,487,000 after buying an additional 2,938 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ingersoll Rand by 6.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 634,787 shares of the industrial products company's stock worth $58,711,000 after buying an additional 37,361 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $36,000. Finally, United Services Automobile Association acquired a new position in Ingersoll Rand in the fourth quarter valued at approximately $922,000. Institutional investors and hedge funds own 95.27% of the company's stock.

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Ingersoll Rand Stock Down 9.3 %

Shares of NYSE IR traded down $7.58 during mid-day trading on Thursday, hitting $74.12. The company had a trading volume of 1,423,436 shares, compared to its average volume of 2,530,620. The company has a market capitalization of $29.88 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The business's 50-day simple moving average is $85.93 and its 200 day simple moving average is $93.50. Ingersoll Rand Inc. has a 1-year low of $73.89 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.91 billion. On average, analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio is presently 3.88%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IR. Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group boosted their price objective 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. Robert W. Baird increased their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Evercore ISI reduced their price target on shares of 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. Finally, Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ingersoll Rand has a consensus rating of "Moderate Buy" and a consensus target price 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.