Banque Pictet & Cie SA Acquires 2,350 Shares of Ingersoll Rand Inc. (NYSE:IR)

Banque Pictet & Cie SA boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,400 shares of the industrial products company’s stock after acquiring an additional 2,350 shares during the period. Banque Pictet & Cie SA’s holdings in Ingersoll Rand were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in Ingersoll Rand by 2.9% in the 4th quarter. V Square Quantitative Management LLC now owns 10,027 shares of the industrial products company’s stock valued at $907,000 after buying an additional 287 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Ingersoll Rand by 25.8% in the 4th quarter. Essex Financial Services Inc. now owns 2,688 shares of the industrial products company’s stock valued at $243,000 after buying an additional 552 shares in the last quarter. Regents Gate Capital LLP acquired a new position in Ingersoll Rand in the 4th quarter valued at $10,171,000. Opal Wealth Advisors LLC grew its holdings in Ingersoll Rand by 8.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,335 shares of the industrial products company’s stock valued at $211,000 after buying an additional 190 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in Ingersoll Rand by 2.3% in the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock valued at $628,000 after buying an additional 158 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $85.79 on Friday. The stock’s 50-day simple moving average is $93.08 and its 200 day simple moving average is $95.27. The firm has a market capitalization of $34.58 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $83.72 and a twelve month high of $106.03.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.72% and a return on equity of 13.01%. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.2 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 3.88%.

Analyst Upgrades and Downgrades

IR has been the topic of a number of research reports. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Barclays decreased their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird reduced their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.92.

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.