Ingersoll Rand Inc. (NYSE:IR) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 10,027 shares of the industrial products company’s stock after acquiring an additional 287 shares during the period. V Square Quantitative Management LLC’s holdings in Ingersoll Rand were worth $907,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $245,000. Creative Planning raised its holdings in shares of Ingersoll Rand by 66.2% during the third quarter. Creative Planning now owns 109,961 shares of the industrial products company’s stock valued at $10,794,000 after buying an additional 43,801 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Ingersoll Rand by 99.9% during the third quarter. Vontobel Holding Ltd. now owns 21,340 shares of the industrial products company’s stock valued at $2,095,000 after buying an additional 10,664 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Ingersoll Rand by 128.0% during the third quarter. Bleakley Financial Group LLC now owns 17,914 shares of the industrial products company’s stock valued at $1,758,000 after buying an additional 10,058 shares during the last quarter. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $2,854,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

IR opened at $85.79 on Friday. The company has a market cap of $34.58 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. The stock has a 50-day moving average of $93.08 and a 200-day moving average of $95.27. Ingersoll Rand Inc. has a 52-week low of $83.72 and a 52-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 2.36.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.2 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on IR. Robert W. Baird lowered their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Barclays lowered their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

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.