Proficio Capital Partners LLC Takes $131,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Proficio Capital Partners LLC purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 131,185 shares of the industrial products company’s stock, valued at approximately $131,000.

A number of other large investors also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 589 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $99,000. WASHINGTON TRUST Co lifted its position in shares of Ingersoll Rand by 18.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 177 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Ingersoll Rand by 4,700.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,152 shares of the industrial products company’s stock worth $104,000 after buying an additional 1,128 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IR. Barclays dropped their price objective on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI dropped their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird increased their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Citigroup dropped their price objective 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, 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.09.

Ingersoll Rand Trading Down 2.4 %

Shares of IR opened at $79.38 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a 1-year low of $79.03 and a 1-year high of $106.03. The stock has a market cap of $32.00 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The firm has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $93.66.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities analysts forecast 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 was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. 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.