2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its holdings in shares of Ingersoll Rand Inc. ( NYSE:IR – Free Report ) by 9.
7% during the fourth quarter, HoldingsChannel reports. The firm owned 285,339 shares of the industrial products company’s stock after acquiring an additional 25,128 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Ingersoll Rand were worth $25,812,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of the business. Savant Capital LLC raised its holdings in Ingersoll Rand by 2.
3% during the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock worth $628,000 after buying an additional 158 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth $864,000.
Nordea Investment Management AB raised its holdings in shares of Ingersoll Rand by 19.1% during the fourth quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock worth $153,867,000 after acquiring an additional 271,381 shares during the period.
abrdn plc boosted its stake in Ingersoll Rand by 70.5% in the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company’s stock worth $23,851,000 after purchasing an additional 108,700 shares during the period.
Finally, AdvisorNet Financial Inc increased its holdings in Ingersoll Rand by 441.4% during the 4th quarter. AdvisorNet Financial Inc now owns 18,652 shares of the industrial products company’s stock worth $1,687,000 after purchasing an additional 15,207 shares in the last quarter.
95.27% of the stock is currently owned by institutional investors and hedge funds. Ingersoll Rand Stock Up 3.
1 % Shares of IR stock opened at $73.11 on Monday. Ingersoll Rand Inc.
has a 52-week low of $65.61 and a 52-week high of $106.03.
The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 3.
50 and a beta of 1.40. The firm’s 50-day moving average is $81.
94 and its 200-day moving average is $91.93. The company has a debt-to-equity ratio of 0.
46, a quick ratio of 1.71 and a current ratio of 2.29.
Ingersoll Rand Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given 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 yield of 0.
11%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.
Wall Street Analyst Weigh In A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Ingersoll Rand from $105.
00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays cut their target price on Ingersoll Rand from $93.
00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $100.
00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $115.
00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup decreased 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock.
According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.36. View Our Latest Report on IR About Ingersoll Rand ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding IR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. ( NYSE:IR – Free Report ). Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.
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