Millstone Evans Group LLC Takes $50,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Millstone Evans Group LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 556 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at $42,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ingersoll Rand by 8.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,825 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 145 shares during the last quarter. Whittier Trust Co. raised its stake in Ingersoll Rand by 20.4% in the 4th quarter. Whittier Trust Co. now owns 1,851 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 314 shares during the last quarter. Magnetar Financial LLC purchased a new position in Ingersoll Rand in the 4th quarter worth $4,788,000. Finally, Teacher Retirement System of Texas raised its stake in Ingersoll Rand by 39.8% in the 4th quarter. Teacher Retirement System of Texas now owns 3,777 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $81.00 on Monday. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. 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 stock has a market capitalization of $32.65 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The stock’s 50-day moving average price is $87.56 and its 200-day moving average price is $93.96.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 13th. The industrial products company reported $0.81 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s payout ratio is 3.88%.

Wall Street Analyst Weigh In

IR has been the subject of a number of research analyst reports. Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays reduced their price objective on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, The Goldman Sachs Group lifted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.36.

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.