2,309 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,309 shares of the industrial products company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in Ingersoll Rand by 141.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,871 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 2,854 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Ingersoll Rand by 33.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,987 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 497 shares in the last quarter. Metis Global Partners LLC grew its stake in Ingersoll Rand by 2.6% in the 4th quarter. Metis Global Partners LLC now owns 18,341 shares of the industrial products company’s stock worth $1,659,000 after acquiring an additional 472 shares in the last quarter. Fisher Asset Management LLC grew its stake in Ingersoll Rand by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,825,518 shares of the industrial products company’s stock worth $617,436,000 after acquiring an additional 80,679 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Ingersoll Rand in the 4th quarter worth about $218,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IR shares. Barclays dropped their price objective on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note 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. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company dropped 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 note on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.75.

Ingersoll Rand Trading Up 3.8 %

NYSE IR opened at $84.52 on Thursday. The company has a fifty day simple moving average of $89.46 and a two-hundred day simple moving average of $94.60. The stock has a market cap of $34.07 billion, a P/E ratio of 41.03, a P/E/G ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a 12-month low of $79.96 and a 12-month high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) 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 analysts’ expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued 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 dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

About Ingersoll Rand

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.