Quantbot Technologies LP Purchases Shares of 23,884 Ingersoll Rand Inc. (NYSE:IR)

Quantbot Technologies LP purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,884 shares of the industrial products company’s stock, valued at approximately $2,161,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sciencast Management LP purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $3,042,000. Millstone Evans Group LLC purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $50,000. Lee Danner & Bass Inc. purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $42,000. Whittier Trust Co. of Nevada Inc. boosted its position in Ingersoll Rand by 8.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,825 shares of the industrial products company’s stock valued at $165,000 after buying an additional 145 shares during the period. Finally, Whittier Trust Co. boosted its position in Ingersoll Rand by 20.4% in the 4th quarter. Whittier Trust Co. now owns 1,851 shares of the industrial products company’s stock valued at $167,000 after buying an additional 314 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.00 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The firm has a market capitalization of $32.65 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03. The company’s fifty day moving average price is $87.56 and its 200 day moving average price is $93.96.

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 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 fiscal year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

IR has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. 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. Evercore ISI decreased their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.