Mizuho Securities USA LLC Purchases 12,032 Shares of Ingersoll Rand Inc. (NYSE:IR)

Mizuho Securities USA LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 46.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,196 shares of the industrial products company’s stock after acquiring an additional 12,032 shares during the period. Mizuho Securities USA LLC’s holdings in Ingersoll Rand were worth $3,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IR. Empowered Funds LLC raised its stake in Ingersoll Rand by 7.8% in the 3rd quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company’s stock valued at $630,000 after acquiring an additional 463 shares during the period. Pathstone Holdings LLC raised its stake in Ingersoll Rand by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company’s stock valued at $3,216,000 after acquiring an additional 1,171 shares during the period. Advisors Asset Management Inc. raised its stake in Ingersoll Rand by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,840 shares of the industrial products company’s stock valued at $2,536,000 after acquiring an additional 950 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ingersoll Rand by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,208,267 shares of the industrial products company’s stock valued at $216,763,000 after acquiring an additional 21,289 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in Ingersoll Rand by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 30,520 shares of the industrial products company’s stock valued at $3,132,000 after acquiring an additional 953 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IR shares. Barclays decreased their price target on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Robert W. Baird upped their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI decreased their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their price target on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Six investment 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, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $105.36.

Ingersoll Rand Stock Down 0.8 %

Shares of NYSE IR opened at $81.00 on Monday. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03. 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 firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 3.50 and a beta of 1.48. The business has a 50-day moving average of $87.56 and a 200-day moving average of $93.96.

Ingersoll Rand (NYSE:IR) last issued its 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). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

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.