US Bancorp DE Has $4.06 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

US Bancorp DE cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,833 shares of the industrial products company’s stock after selling 129 shares during the quarter. US Bancorp DE’s holdings in Ingersoll Rand were worth $4,056,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Farther Finance Advisors LLC lifted its stake in Ingersoll Rand by 20.9% in the third quarter. Farther Finance Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 422 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Ingersoll Rand by 33.7% in the third quarter. Janney Montgomery Scott LLC now owns 82,805 shares of the industrial products company’s stock valued at $8,128,000 after acquiring an additional 20,853 shares during the last quarter. National Pension Service lifted its stake in Ingersoll Rand by 1.9% in the third quarter. National Pension Service now owns 535,883 shares of the industrial products company’s stock valued at $52,602,000 after acquiring an additional 9,813 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Ingersoll Rand by 2.7% in the third quarter. Asset Management One Co. Ltd. now owns 198,218 shares of the industrial products company’s stock valued at $19,457,000 after acquiring an additional 5,128 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Ingersoll Rand by 8.7% in the third quarter. QRG Capital Management Inc. now owns 6,381 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 509 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IR shares. Robert W. Baird lifted their price target on shares of 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 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 dropped 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. Stifel Nicolaus dropped 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. Finally, Wells Fargo & Company dropped their price target 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.75.

Ingersoll Rand Trading Up 3.8 %

Shares of Ingersoll Rand stock opened at $84.52 on Thursday. The firm has a market capitalization of $34.07 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The company’s fifty day moving average price is $89.46 and its two-hundred day moving average price is $94.60. Ingersoll Rand Inc. has a 52-week low of $79.96 and a 52-week high of $106.03.

Ingersoll Rand (NYSE:IR) last announced 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). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

Ingersoll Rand 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.