Empowered Funds LLC Has $658,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

Empowered Funds LLC raised its position in Ingersoll Rand Inc. (NYSE:IR) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,277 shares of the industrial products company’s stock after acquiring an additional 861 shares during the period. Empowered Funds LLC’s holdings in Ingersoll Rand were worth $658,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB boosted its position in shares of 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 valued at $531,000 after buying an additional 143 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of 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 valued at $598,000 after buying an additional 1,167 shares during the last quarter. Realta Investment Advisors purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $302,000. SMART Wealth LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $471,000. Finally, Beese Fulmer Investment Management Inc. boosted its position in shares of Ingersoll Rand by 1.2% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 95,925 shares of the industrial products company’s stock valued at $8,677,000 after buying an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $86.66 on Wednesday. Ingersoll Rand Inc. has a 52 week low of $83.72 and a 52 week high of $106.03. The business has a 50-day simple moving average of $92.41 and a 200 day simple moving average of $95.08. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 3.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, research analysts forecast that Ingersoll Rand Inc. will post 3.2 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s payout ratio is currently 3.90%.

Analyst Ratings Changes

A number of analysts recently commented on IR shares. Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays lowered their target price on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus lowered their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

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.