Union Bancaire Privee UBP SA Makes New $541,000 Investment in Ingersoll Rand Inc. (NYSE:IR)

Union Bancaire Privee UBP SA bought a new position in Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,288 shares of the industrial products company’s stock, valued at approximately $541,000.

Several other large investors have also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc grew its stake in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 589 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth approximately $65,000. Finally, Venturi Wealth Management LLC purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.0 %

Shares of IR opened at $82.89 on Tuesday. The firm has a market cap of $33.41 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 3.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a fifty-two week low of $82.40 and a fifty-two week high of $106.03. The firm has a 50 day moving average price of $90.81 and a 200-day moving average price of $94.98.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results 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). 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. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company 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 of this dividend 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 currently 3.88%.

Analyst Ratings Changes

IR has been the subject of a number of research reports. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Citigroup cut their price target 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. UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Evercore ISI cut their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays cut their price target on shares of 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.75.

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.