Johnson Investment Counsel Inc. Buys 1,608 Shares of Ingersoll Rand Inc. (NYSE:IR)

Johnson Investment Counsel Inc. lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 27.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,435 shares of the industrial products company’s stock after acquiring an additional 1,608 shares during the period. Johnson Investment Counsel Inc.’s holdings in Ingersoll Rand were worth $673,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IR. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand during the 3rd quarter worth about $34,000. OFI Invest Asset Management bought a new position in shares of Ingersoll Rand during the 4th quarter worth about $38,000. UMB Bank n.a. lifted its holdings in shares of Ingersoll Rand by 27.0% during 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. Versant Capital Management Inc lifted its holdings in shares of 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 period. Finally, Venturi Wealth Management LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth about $99,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Down 1.7 %

IR opened at $81.48 on Thursday. 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 stock has a market capitalization of $32.84 billion, a PE ratio of 39.55, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 1-year low of $79.97 and a 1-year high of $106.03. The firm has a 50-day moving average price of $88.71 and a two-hundred day moving average price of $94.34.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, 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 declared 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 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio is 3.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IR shares. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Evercore ISI dropped their target price on shares of 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. Finally, Robert W. Baird increased their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.36.

Ingersoll Rand Company 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.