2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. trimmed its stake in shares of Ingersoll Rand Inc. ( NYSE:IR – Free Report ) by 3.
9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,927 shares of the industrial products company’s stock after selling 160 shares during the period.
Summit Investment Advisors Inc.’s holdings in Ingersoll Rand were worth $355,000 at the end of the most recent reporting period. Several other hedge funds have also modified their holdings of IR.
Savant Capital LLC raised its position in Ingersoll Rand by 2.3% in the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 158 shares during the last quarter.
Virtu Financial LLC acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at $864,000. Nordea Investment Management AB raised its position 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 last quarter. abrdn plc raised its position in shares of Ingersoll Rand by 70.5% during the fourth quarter.
abrdn plc now owns 262,863 shares of the industrial products company’s stock worth $23,851,000 after acquiring an additional 108,700 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Ingersoll Rand by 441.4% during the fourth quarter.
AdvisorNet Financial Inc now owns 18,652 shares of the industrial products company’s stock valued at $1,687,000 after acquiring an additional 15,207 shares during the period. 95.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several brokerages have weighed in on IR. Evercore ISI dropped their price objective on Ingersoll Rand from $100.00 to $91.
00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Citigroup dropped their price target on shares of Ingersoll Rand from $109.00 to $88.
00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lowered their target price on shares of Ingersoll Rand from $115.00 to $105.
00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $94.00 to $77.
00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird lifted their price objective 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.36.
Ingersoll Rand Stock Up 1.0 % Shares of Ingersoll Rand stock opened at $72.05 on Monday.
Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.
03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.
29 and a quick ratio of 1.71. The company has a market capitalization of $29.
04 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.
40. The business has a 50-day moving average of $79.98 and a two-hundred day moving average of $91.
01. Ingersoll Rand ( NYSE:IR – Get Free Report ) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.
81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04).
The company 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 predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.
Ingersoll Rand Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share.
This represents a $0.08 dividend on an annualized basis and a yield of 0.11%.
The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.
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.
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