Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,120 shares of the industrial products company’s stock after selling 23,386 shares during the period. Loomis Sayles & Co. L P’s holdings in Ingersoll Rand were worth $10,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NEOS Investment Management LLC lifted its position in shares of Ingersoll Rand by 24.6% during the fourth quarter. NEOS Investment Management LLC now owns 89,660 shares of the industrial products company’s stock worth $8,111,000 after purchasing an additional 17,675 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in Ingersoll Rand by 21.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 34,547 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 6,059 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ingersoll Rand by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company’s stock valued at $1,707,729,000 after buying an additional 649,102 shares during the period. Elo Mutual Pension Insurance Co increased its position in shares of Ingersoll Rand by 8.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 38,550 shares of the industrial products company’s stock worth $3,487,000 after acquiring an additional 2,938 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Ingersoll Rand by 6.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 634,787 shares of the industrial products company’s stock valued at $58,711,000 after acquiring an additional 37,361 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI cut 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. Citigroup cut their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.09.

Ingersoll Rand Price Performance

Shares of IR opened at $79.38 on Friday. 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 1-year low of $79.03 and a 1-year high of $106.03. The stock has a market cap of $32.00 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The firm has a fifty day moving average price of $86.69 and a 200 day moving average price of $93.70.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share 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 net margin of 11.59% and a return on equity of 12.78%. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.02 per share. The ex-dividend date 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 (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.