Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,972 shares of the industrial products company’s stock after purchasing an additional 602 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ingersoll Rand were worth $2,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IR. Skandinaviska Enskilda Banken AB publ grew its stake in Ingersoll Rand by 2.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 84,753 shares of the industrial products company’s stock worth $7,672,000 after purchasing an additional 2,036 shares in the last quarter. Erste Asset Management GmbH boosted its stake in shares of Ingersoll Rand by 763.6% in the 4th quarter. Erste Asset Management GmbH now owns 38,000 shares of the industrial products company’s stock valued at $3,507,000 after buying an additional 33,600 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Ingersoll Rand by 90.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,727 shares of the industrial products company’s stock worth $970,000 after buying an additional 5,083 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Ingersoll Rand during the fourth quarter worth approximately $3,067,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Ingersoll Rand by 17.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on IR shares. 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 report on Monday, January 13th. Stifel Nicolaus dropped their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price target on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company dropped their price objective 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, Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.09.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $81.37 on Thursday. The firm’s fifty day simple moving average is $87.12 and its 200-day simple moving average is $93.80. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03. The stock has a market capitalization of $32.80 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 3.50 and a beta of 1.48. 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 (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). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current 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 given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Ingersoll Rand Company 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.