Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,374 shares of the industrial products company’s stock after purchasing an additional 4,888 shares during the period. Schroder Investment Management Group’s holdings in Ingersoll Rand were worth $3,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Ingersoll Rand in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. acquired a new position in Ingersoll Rand during the fourth quarter worth $42,000. Millstone Evans Group LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter worth $50,000. Finally, UMB Bank n.a. grew its stake in shares of Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

NYSE:IR opened at $69.51 on Friday. Ingersoll Rand Inc. has a 12 month low of $67.19 and a 12 month 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 firm has a market capitalization of $28.02 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The business’s fifty day moving average price is $85.05 and its 200 day moving average price is $93.21.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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 net margin of 11.59% and a return on equity of 12.78%. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Ingersoll Rand’s dividend payout ratio is presently 3.88%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IR. 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 note on Thursday, December 12th. Robert W. Baird increased their price target 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. Barclays dropped their price objective on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Evercore ISI reduced their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Six research 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, Ingersoll Rand currently has a consensus 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.