Allworth Financial LP Has $420,000 Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Allworth Financial LP grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 30.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,456 shares of the industrial products company’s stock after buying an additional 1,052 shares during the period. Allworth Financial LP’s holdings in Ingersoll Rand were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $34,000. Eastern Bank bought a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $42,000. UMB Bank n.a. boosted its position in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $65,000. Finally, Versant Capital Management Inc boosted its position in shares of Ingersoll Rand by 654.4% during 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 in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.1 %

IR stock opened at $86.64 on Friday. Ingersoll Rand Inc. has a twelve month low of $83.72 and a twelve month 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’s 50 day moving average is $91.50 and its 200-day moving average is $94.95. The firm has a market capitalization of $34.92 billion, a PE ratio of 42.06, a P/E/G ratio of 3.45 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.3 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared 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 dividend yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s payout ratio is 3.88%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup cut their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. 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. The Goldman Sachs Group increased 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. Wells Fargo & Company cut their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Evercore ISI cut their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus target price of $104.75.

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.