16,800 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new position in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,800 shares of the industrial products company’s stock, valued at approximately $1,520,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth approximately $34,000. Eastern Bank purchased a new position in Ingersoll Rand in the 3rd quarter worth approximately $42,000. UMB Bank n.a. boosted its holdings in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares during the period. Versant Capital Management Inc boosted its holdings in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 1.1 %

Shares of IR stock opened at $86.64 on Friday. The stock has a 50-day simple moving average of $91.50 and a 200 day simple moving average of $94.95. Ingersoll Rand Inc. has a fifty-two week low of $83.72 and a fifty-two week high of $106.03. The stock has a market capitalization of $34.92 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.47 and a beta of 1.43. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last announced 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, sell-side analysts expect that Ingersoll Rand Inc. will post 3.31 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analysts Set New Price Targets

IR has been the subject of several research analyst reports. Robert W. Baird increased their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. UBS Group began coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. The Goldman Sachs Group increased their target price on 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 dropped their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.75.

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.