Gulf International Bank UK Ltd Has $2.86 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

Gulf International Bank UK Ltd lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,658 shares of the industrial products company’s stock after selling 328 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Ingersoll Rand were worth $2,863,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IR. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth about $34,000. UMB Bank n.a. raised its position in shares of Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares during the period. Versant Capital Management Inc raised its position in shares of Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 589 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth about $65,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ingersoll Rand during the fourth quarter worth about $99,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 2.2 %

IR stock opened at $84.95 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $90.02 and a two-hundred day moving average price of $94.75. The company has a market cap of $34.24 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a twelve month low of $81.71 and a twelve month high of $106.03.

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

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IR shares. Barclays dropped their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup decreased their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group assumed coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.75.

Ingersoll Rand Profile

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.