EverSource Wealth Advisors LLC Has $144,000 Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

EverSource Wealth Advisors LLC lifted its stake in Ingersoll Rand Inc. (NYSE:IR) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,595 shares of the industrial products company’s stock after acquiring an additional 233 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IR. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $38,000. UMB Bank n.a. increased its holdings 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 worth $54,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc raised its position 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 worth $61,000 after acquiring an additional 589 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at $99,000. Finally, WASHINGTON TRUST Co grew its position in shares of Ingersoll Rand by 18.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 177 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $82.95 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. The firm’s 50-day simple moving average is $88.13 and its 200 day simple moving average is $94.19.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share 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 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, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut 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. Stifel Nicolaus cut their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Evercore ISI decreased their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird raised their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.36.

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.