Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 54.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,152 shares of the industrial products company’s stock after buying an additional 761 shares during the quarter. Private Trust Co. NA’s holdings in Ingersoll Rand were worth $195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of IR. QRG Capital Management Inc. increased its stake in shares of Ingersoll Rand by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 7,009 shares of the industrial products company’s stock worth $634,000 after acquiring an additional 628 shares during the period. Proficio Capital Partners LLC purchased a new stake in Ingersoll Rand in the fourth quarter valued at $131,000. Mn Services Vermogensbeheer B.V. grew its position in Ingersoll Rand by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 157,800 shares of the industrial products company’s stock worth $14,275,000 after purchasing an additional 2,600 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Ingersoll Rand by 27.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,110 shares of the industrial products company’s stock valued at $281,000 after buying an additional 672 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of Ingersoll Rand by 6.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,273 shares of the industrial products company’s stock valued at $206,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 2.7 %

IR opened at $82.49 on Tuesday. 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 Inc. has a twelve month low of $81.71 and a twelve month high of $106.03. The company has a market cap of $33.25 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The company has a 50-day moving average price of $89.84 and a 200 day moving average price of $94.74.

Ingersoll Rand (NYSE:IR) last released 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 during the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company dropped their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup decreased their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Barclays dropped their price target on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Seven 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, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average 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.