Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 17.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,027 shares of the industrial products company’s stock after purchasing an additional 445 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Ingersoll Rand were worth $275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Savant Capital LLC increased its position in Ingersoll Rand by 2.3% during the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 158 shares in the last quarter. Virtu Financial LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth approximately $864,000. Nordea Investment Management AB boosted its holdings in Ingersoll Rand by 19.1% in the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock worth $153,867,000 after acquiring an additional 271,381 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Ingersoll Rand by 9.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company’s stock worth $8,916,000 after acquiring an additional 7,784 shares during the period. Finally, abrdn plc boosted its holdings in Ingersoll Rand by 70.5% in the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company’s stock worth $23,851,000 after acquiring an additional 108,700 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

IR stock opened at $84.52 on Thursday. 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 firm has a market cap of $34.07 billion, a P/E ratio of 41.03, a P/E/G ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a 12-month low of $79.96 and a 12-month high of $106.03. The stock’s 50 day simple moving average is $89.46 and its 200 day simple moving average is $94.60.

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

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on IR shares. Citigroup decreased their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group started coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Robert W. Baird upped their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays reduced their target price 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.