Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by Phoenix Financial Ltd.

Phoenix Financial Ltd. raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,683 shares of the industrial products company’s stock after buying an additional 927 shares during the period. Phoenix Financial Ltd.’s holdings in Ingersoll Rand were worth $4,494,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IR. Norges Bank bought a new stake in shares of Ingersoll Rand during the 4th quarter worth $429,591,000. JPMorgan Chase & Co. lifted its holdings in shares of Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after purchasing an additional 1,462,538 shares during the last quarter. FMR LLC boosted its position in shares of Ingersoll Rand by 8.2% in the 4th quarter. FMR LLC now owns 17,472,317 shares of the industrial products company’s stock valued at $1,580,546,000 after purchasing an additional 1,320,223 shares during the period. Franklin Resources Inc. increased its stake in Ingersoll Rand by 5.9% in the 4th quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company’s stock worth $1,110,593,000 after purchasing an additional 679,856 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in Ingersoll Rand during the 4th quarter worth about $47,763,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $70.92 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The business’s 50-day moving average price is $82.33 and its two-hundred day moving average price is $92.11. The company has a market capitalization of $28.59 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s payout ratio is presently 3.88%.

Wall Street Analysts Forecast Growth

IR has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. 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. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays decreased their target price on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.36.

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.