Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Inceptionr LLC

Inceptionr LLC raised its position in Ingersoll Rand Inc. (NYSE:IR) by 274.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,232 shares of the industrial products company’s stock after buying an additional 11,168 shares during the period. Inceptionr LLC’s holdings in Ingersoll Rand were worth $1,378,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Ingersoll Rand in the 4th quarter worth about $45,004,000. Arizona State Retirement System boosted its holdings in Ingersoll Rand by 1.4% in the 4th quarter. Arizona State Retirement System now owns 117,192 shares of the industrial products company’s stock worth $10,601,000 after buying an additional 1,609 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Ingersoll Rand in the 4th quarter worth about $525,000. Proficio Capital Partners LLC acquired a new stake in Ingersoll Rand in the 4th quarter worth about $131,000. Finally, M&T Bank Corp boosted its holdings in Ingersoll Rand by 1.6% in the 4th quarter. M&T Bank Corp now owns 30,583 shares of the industrial products company’s stock worth $2,766,000 after buying an additional 495 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IR shares. UBS Group assumed coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Citigroup decreased their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Barclays decreased their target price on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.75.

Ingersoll Rand Stock Up 3.8 %

IR stock opened at $84.52 on Thursday. The firm has a market cap of $34.07 billion, a PE ratio of 41.03, a PEG ratio of 3.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The firm’s 50 day moving average price is $89.46 and its 200-day moving average price is $94.60. Ingersoll Rand Inc. has a one year low of $79.96 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last released 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). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s payout ratio is 3.88%.

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.