Whittier Trust Co. Grows Position in Ingersoll Rand Inc. (NYSE:IR)

Whittier Trust Co. boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,851 shares of the industrial products company’s stock after purchasing an additional 314 shares during the quarter. Whittier Trust Co.’s holdings in Ingersoll Rand were worth $167,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IR. OFI Invest Asset Management purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $38,000. UMB Bank n.a. lifted its position 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 lifted its position 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 position in Ingersoll Rand during the fourth quarter valued at approximately $99,000. Finally, WASHINGTON TRUST Co lifted its position 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. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 0.8 %

IR opened at $81.00 on Monday. The stock has a market capitalization of $32.65 billion, a PE ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. The firm’s fifty day moving average price is $87.56 and its 200 day moving average price is $93.96. 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 Inc. has a 12-month low of $79.79 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last posted 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 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 analyst estimates of $1.91 billion. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS 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. Shareholders 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 0.10%. Ingersoll Rand’s payout ratio is 3.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group lifted their price target on shares of 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 reduced their price target on shares of 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, Wells Fargo & Company reduced their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.36.

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.