Wellington Management Group LLP lessened its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,953,566 shares of the industrial products company's stock after selling 157,747 shares during the period. Wellington Management Group LLP owned about 0.98% of Ingersoll Rand worth $357,640,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Ingersoll Rand during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new position in shares of Ingersoll Rand in the fourth quarter worth $38,000. Lee Danner & Bass Inc. purchased a new stake in Ingersoll Rand during the 4th quarter worth about $42,000. Millstone Evans Group LLC bought a new position in Ingersoll Rand in the 4th quarter worth about $50,000. Finally, UMB Bank n.a. grew 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. Institutional investors own 95.27% of the company's stock.
Ingersoll Rand Stock Down 5.5 %
Shares of IR stock traded down $4.01 during mid-day trading on Friday, hitting $69.51. 6,552,942 shares of the stock traded hands, compared to its average volume of 2,474,525. The stock's fifty day moving average is $85.52 and its two-hundred day moving average is $93.36. 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 Inc. has a 52-week low of $67.27 and a 52-week high of $106.03. The stock has a market cap 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 announced its earnings results 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities analysts predict 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 issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.
Wall Street Analysts Forecast Growth
IR has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Robert W. Baird boosted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective 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. Barclays dropped their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Evercore ISI lowered their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.09.
Read Our Latest Stock Analysis on IR
About Ingersoll Rand
(
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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