2 weeks Ago By Defense World Staff
American Century Companies Inc. lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 1.
5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,342 shares of the industrial products company’s stock after selling 991 shares during the period. American Century Companies Inc.
’s holdings in Ingersoll Rand were worth $5,820,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its stake in Ingersoll Rand by 4.
7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 109 shares in the last quarter. UMB Bank n.
a. raised its holdings in shares of Ingersoll Rand by 27.0% during the fourth quarter.
UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the period.
RDA Financial Network boosted its position in shares of Ingersoll Rand by 3.1% during the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 128 shares in the last quarter.
FSM Wealth Advisors LLC increased its position in Ingersoll Rand by 5.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $222,000 after buying an additional 134 shares in the last quarter.
Finally, Park Avenue Securities LLC raised its stake in Ingersoll Rand by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company’s stock worth $388,000 after buying an additional 136 shares during the period.
Institutional investors and hedge funds own 95.27% of the company’s stock. Ingersoll Rand Stock PerformanceNYSE:IR opened at $69.
51 on Friday. The firm’s fifty day simple moving average is $85.05 and its 200 day simple moving average is $93.
22. The stock has a market cap of $28.02 billion, a P/E ratio of 33.
74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48.
The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.
46. Ingersoll Rand Inc. has a twelve month low of $67.
19 and a twelve month high of $106.03. Ingersoll Rand (NYSE:IR – Get Free Report) last announced its earnings results on Thursday, February 13th.
The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.
04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.
78%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.
91 billion. As a group, research analysts predict that Ingersoll Rand Inc. will post 3.
32 EPS for the current year. Ingersoll Rand Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a $0.
02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.
12%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.
88%. Analysts Set New Price TargetsSeveral analysts have recently commented on the company. Barclays lowered their price objective on Ingersoll Rand from $96.
00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Evercore ISI lowered their price target on shares of Ingersoll Rand from $100.
00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus lowered their price objective on Ingersoll Rand from $100.
00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group increased their target price on Ingersoll Rand from $109.
00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Robert W.
Baird boosted 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.
Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.
09.Read Our Latest Analysis on Ingersoll RandAbout 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.Recommended StoriesFive stocks we like better than Ingersoll RandWhy is the Ex-Dividend Date Significant to Investors?Archer Aviation’s Africa Deal Could Boost ACHR StockShort Selling – The Pros and Cons Are Short Sellers Wrong About These 3 Semiconductor Stocks?How to Calculate Inflation RateBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?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)..
