UniSuper Management Pty Ltd Boosts Holdings in Ingersoll Rand Inc. (NYSE:IR)

UniSuper Management Pty Ltd grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,547 shares of the industrial products company’s stock after purchasing an additional 6,059 shares during the period. UniSuper Management Pty Ltd’s holdings in Ingersoll Rand were worth $3,125,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IR. Murphy & Mullick Capital Management Corp bought a new stake in Ingersoll Rand during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand during the 4th quarter worth $38,000. Lee Danner & Bass Inc. purchased a new position in Ingersoll Rand in the fourth quarter worth $42,000. Millstone Evans Group LLC bought a new position in Ingersoll Rand in the fourth quarter valued at $50,000. Finally, UMB Bank n.a. raised 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 purchasing an additional 127 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 2.4 %

IR opened at $79.38 on Friday. Ingersoll Rand Inc. has a one year low of $79.03 and a one year high of $106.03. 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 business has a 50 day simple moving average of $86.69 and a two-hundred day simple moving average of $93.70. The firm has a market capitalization of $32.00 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS 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 return on equity of 12.78% and a net margin of 11.59%. Analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Ingersoll Rand’s payout ratio is currently 3.88%.

Analyst Upgrades and Downgrades

IR has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird lifted their price target 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. Evercore ISI cut their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup cut 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 report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target of $105.09.

Ingersoll Rand Company 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.