Avantax Advisory Services Inc. Purchases 5,083 Shares of Ingersoll Rand Inc. (NYSE:IR)

Avantax Advisory Services Inc. raised its position in Ingersoll Rand Inc. (NYSE:IR) by 90.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,727 shares of the industrial products company’s stock after acquiring an additional 5,083 shares during the period. Avantax Advisory Services Inc.’s holdings in Ingersoll Rand were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at $38,000. UMB Bank n.a. raised its stake in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Ingersoll Rand by 654.4% in 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 purchased a new stake in shares of Ingersoll Rand during the fourth quarter worth about $99,000. Finally, WASHINGTON TRUST Co increased its holdings in shares of Ingersoll Rand by 18.5% during the fourth 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 in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays lowered their price target on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Stifel Nicolaus cut their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average price target of $105.36.

Ingersoll Rand Stock Up 0.6 %

Shares of NYSE IR opened at $82.08 on Thursday. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The company’s 50-day simple moving average is $87.83 and its 200-day simple moving average is $94.03. 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 52-week low of $79.79 and a 52-week high of $106.03.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 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 analysts’ expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $0.02 dividend. 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 payout ratio is currently 3.88%.

Ingersoll Rand 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.