Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,825,518 shares of the industrial products company’s stock after acquiring an additional 80,679 shares during the quarter. Fisher Asset Management LLC’s holdings in Ingersoll Rand were worth $617,436,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IR. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter worth $34,000. UMB Bank n.a. grew its holdings in shares of Ingersoll Rand by 27.0% in 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 last quarter. Versant Capital Management Inc grew its holdings in shares of 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. Princeton Global Asset Management LLC purchased a new position in shares of Ingersoll Rand during the third quarter valued at $65,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at $99,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IR has been the topic of a number of research analyst reports. Evercore ISI lowered their price target on 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 reduced their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup reduced their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Barclays reduced their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.75.

Ingersoll Rand Trading Up 2.2 %

Shares of IR opened at $84.95 on Friday. Ingersoll Rand Inc. has a 12-month low of $81.71 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $34.24 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 3.50 and a beta of 1.43. The stock’s 50-day moving average price is $90.02 and its 200 day moving average price is $94.75.

Ingersoll Rand (NYSE:IR) last released 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion during 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 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

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.