Murphy & Mullick Capital Management Corp Purchases Shares of 394 Ingersoll Rand Inc. (NYSE:IR)

Murphy & Mullick Capital Management Corp acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 394 shares of the industrial products company’s stock, valued at approximately $36,000.

Several other institutional investors have also modified their holdings of the stock. United Services Automobile Association acquired a new stake in Ingersoll Rand during the 4th quarter worth $922,000. Vanguard Group Inc. grew its holdings in shares of Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company’s stock worth $4,132,576,000 after purchasing an additional 446,591 shares during the last quarter. LPL Financial LLC increased its position in shares of Ingersoll Rand by 204.0% during the fourth quarter. LPL Financial LLC now owns 706,886 shares of the industrial products company’s stock worth $63,945,000 after purchasing an additional 474,331 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $1,221,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $11,986,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the subject of a number of research reports. Robert W. Baird boosted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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. Barclays reduced their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $105.09.

Ingersoll Rand Price Performance

Shares of IR opened at $81.37 on Friday. 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 stock’s 50 day moving average is $86.94 and its two-hundred day moving average is $93.72. Ingersoll Rand Inc. has a twelve month low of $79.79 and a twelve month high of $106.03. The firm has a market capitalization of $32.80 billion, a PE ratio of 39.50, a P/E/G ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio 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.