Caisse Des Depots ET Consignations Buys Shares of 528,002 Ingersoll Rand Inc. (NYSE:IR)

Caisse Des Depots ET Consignations bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 528,002 shares of the industrial products company’s stock, valued at approximately $47,763,000. Ingersoll Rand comprises approximately 2.3% of Caisse Des Depots ET Consignations’ holdings, making the stock its 10th largest position.

Several other hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Ingersoll Rand in the fourth quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in Ingersoll Rand during the 4th quarter worth about $38,000. Lee Danner & Bass Inc. acquired a new stake in Ingersoll Rand during the 4th quarter valued at approximately $42,000. Millstone Evans Group LLC bought a new stake in Ingersoll Rand during the fourth quarter valued at $50,000. Finally, UMB Bank n.a. grew its stake in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IR. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price 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. Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Evercore ISI lowered their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $105.09.

Ingersoll Rand Trading Down 1.2 %

Shares of NYSE IR opened at $81.37 on Thursday. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a fifty-two week low of $79.79 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The business’s 50 day moving average price is $87.12 and its 200-day moving average price is $93.80.

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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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