Sciencast Management LP Buys Shares of 33,624 Ingersoll Rand Inc. (NYSE:IR)

Sciencast Management LP purchased a new position in Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,624 shares of the industrial products company’s stock, valued at approximately $3,042,000. Ingersoll Rand comprises 0.8% of Sciencast Management LP’s portfolio, making the stock its 21st biggest holding.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the fourth quarter worth $38,000. Lee Danner & Bass Inc. acquired a new position in Ingersoll Rand in the 4th quarter valued at $42,000. Millstone Evans Group LLC bought a new position in Ingersoll Rand in the 4th quarter worth $50,000. UMB Bank n.a. raised its holdings in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares during the period. Finally, Versant Capital Management Inc lifted its position in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 589 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. 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 research note on Tuesday, January 7th. Evercore ISI reduced their price objective on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target of $105.36.

Ingersoll Rand Trading Down 0.8 %

IR stock opened at $81.00 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $32.65 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 1-year low of $79.79 and a 1-year high of $106.03. The business’s 50 day moving average is $87.56 and its 200-day moving average is $93.87.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

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.