Ingersoll Rand Inc. (NYSE:IR) Position Boosted by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,613 shares of the industrial products company’s stock after purchasing an additional 8,832 shares during the period. Cibc World Markets Corp’s holdings in Ingersoll Rand were worth $5,754,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IR. OFI Invest Asset Management bought a new position in shares of Ingersoll Rand during the fourth quarter worth about $38,000. UMB Bank n.a. lifted its position in shares of Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares during the last quarter. Versant Capital Management Inc lifted its position 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 worth $61,000 after purchasing an additional 589 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Ingersoll Rand during the fourth quarter worth about $99,000. Finally, WASHINGTON TRUST Co lifted its position in shares of Ingersoll Rand by 18.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped 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. Finally, Evercore ISI dropped their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.36.

Ingersoll Rand Trading Up 0.6 %

Ingersoll Rand stock opened at $82.08 on Thursday. The firm has a 50 day simple moving average of $87.83 and a 200-day simple moving average of $94.03. 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 stock has a market capitalization of $33.09 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. 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 data 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 company 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%. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 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.