2,534 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. purchased a new position in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,534 shares of the industrial products company’s stock, valued at approximately $229,000.

Several other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand during the third quarter valued at approximately $34,000. UMB Bank n.a. raised 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 valued at $54,000 after buying an additional 127 shares in the last quarter. Versant Capital Management Inc raised its stake in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Ingersoll Rand during the fourth quarter valued at approximately $99,000. Finally, WASHINGTON TRUST Co raised its stake in Ingersoll Rand by 18.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock valued at $103,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $85.27 on Monday. Ingersoll Rand Inc. has a 12-month low of $79.96 and a 12-month high of $106.03. The firm has a market capitalization of $34.37 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The business has a 50 day simple moving average of $89.18 and a 200 day simple moving average of $94.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s payout ratio is currently 3.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IR. UBS Group began coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Wells Fargo & Company lowered their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Evercore ISI lowered their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.75.

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.