Amundi Buys 313,674 Shares of Ingersoll Rand Inc. (NYSE:IR)

Amundi raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,162,728 shares of the industrial products company’s stock after acquiring an additional 313,674 shares during the quarter. Amundi owned approximately 0.54% of Ingersoll Rand worth $192,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banco Santander S.A. boosted its position in shares of Ingersoll Rand by 17.4% during the fourth quarter. Banco Santander S.A. now owns 7,438 shares of the industrial products company’s stock valued at $673,000 after purchasing an additional 1,101 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Ingersoll Rand by 1.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 354,110 shares of the industrial products company’s stock valued at $32,798,000 after buying an additional 5,438 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Ingersoll Rand during the 4th quarter valued at $229,000. Edgestream Partners L.P. grew its position in shares of Ingersoll Rand by 43.8% in the 4th quarter. Edgestream Partners L.P. now owns 24,492 shares of the industrial products company’s stock worth $2,216,000 after buying an additional 7,461 shares during the period. Finally, Callan Family Office LLC bought a new position in shares of Ingersoll Rand in the 4th quarter worth about $255,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 0.6 %

Shares of IR stock opened at $85.27 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 12-month low of $79.96 and a 12-month high of $106.03. The stock has a market capitalization of $34.37 billion, a P/E ratio of 41.39, a P/E/G ratio of 3.50 and a beta of 1.48. The firm’s 50 day moving average is $89.18 and its 200 day moving average is $94.54.

Ingersoll Rand (NYSE:IR) last issued 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

IR has been the topic of several research reports. Barclays dropped their price objective on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Evercore ISI reduced their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.75.

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.