52,924 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,924 shares of the industrial products company’s stock, valued at approximately $4,788,000.

Other hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its position in Ingersoll Rand by 120.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,318 shares of the industrial products company’s stock valued at $718,000 after purchasing an additional 4,001 shares in the last quarter. Empowered Funds LLC boosted its holdings in Ingersoll Rand by 7.8% in the third quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company’s stock worth $630,000 after acquiring an additional 463 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Ingersoll Rand by 3.7% during the third quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company’s stock worth $3,216,000 after acquiring an additional 1,171 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Ingersoll Rand by 7.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,755 shares of the industrial products company’s stock valued at $761,000 after acquiring an additional 512 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Ingersoll Rand in the 3rd quarter worth approximately $2,285,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.6 %

Ingersoll Rand stock opened at $82.08 on Thursday. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The business’s 50-day moving average price is $87.83 and its 200 day moving average price is $94.03. 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 (NYSE:IR) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 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 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, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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 given 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IR shares. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI lowered their price target 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 increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays reduced their price objective on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and an average price target of $105.36.

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.