Howard Capital Management Inc. Acquires 148 Shares of Ingersoll Rand Inc. (NYSE:IR)

Howard Capital Management Inc. boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,378 shares of the industrial products company’s stock after buying an additional 148 shares during the period. Howard Capital Management Inc.’s holdings in Ingersoll Rand were worth $215,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after buying an additional 1,462,538 shares during the period. FMR LLC boosted its stake in Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after buying an additional 1,538,056 shares during the period. State Street Corp boosted its stake in Ingersoll Rand by 0.7% during the third quarter. State Street Corp now owns 15,776,908 shares of the industrial products company’s stock valued at $1,548,661,000 after buying an additional 112,824 shares during the period. Franklin Resources Inc. boosted its stake in Ingersoll Rand by 2.5% during the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after buying an additional 278,710 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Ingersoll Rand by 0.6% during the third quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company’s stock valued at $923,087,000 after buying an additional 54,952 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IR shares. UBS Group started coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. Barclays dropped their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird lifted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.75.

Ingersoll Rand Trading Up 0.5 %

NYSE IR opened at $83.38 on Wednesday. Ingersoll Rand Inc. has a 1-year low of $81.71 and a 1-year high of $106.03. The firm has a market cap of $33.61 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. 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 has a 50-day moving average of $90.53 and a 200-day moving average of $94.93.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio is presently 3.88%.

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.