Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Savant Capital LLC

Savant Capital LLC lifted its position in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,938 shares of the industrial products company’s stock after purchasing an additional 158 shares during the period. Savant Capital LLC’s holdings in Ingersoll Rand were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in IR. Newbridge Financial Services Group Inc. raised its position in Ingersoll Rand by 5.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,003 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 147 shares during the period. Empowered Funds LLC raised its position in Ingersoll Rand by 13.4% during the fourth quarter. Empowered Funds LLC now owns 7,277 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 861 shares during the period. Wilmington Savings Fund Society FSB raised its position in Ingersoll Rand by 2.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,873 shares of the industrial products company’s stock worth $531,000 after acquiring an additional 143 shares during the period. Apollon Wealth Management LLC raised its position in Ingersoll Rand by 21.4% during the fourth quarter. Apollon Wealth Management LLC now owns 6,616 shares of the industrial products company’s stock worth $598,000 after acquiring an additional 1,167 shares during the period. Finally, Realta Investment Advisors acquired a new position in Ingersoll Rand during the fourth quarter worth $302,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IR shares. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group increased their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group initiated coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Trading Down 7.3 %

NYSE:IR opened at $85.79 on Friday. The stock has a fifty day simple moving average of $92.75 and a 200-day simple moving average of $95.18. Ingersoll Rand Inc. has a 52-week low of $83.72 and a 52-week high of $106.03. The company has a market capitalization of $34.58 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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 11.72% and a return on equity of 13.01%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.2 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be given a dividend of $0.02 per share. 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 dividend payout ratio (DPR) is presently 3.90%.

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.