Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 84,753 shares of the industrial products company’s stock after acquiring an additional 2,036 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ingersoll Rand were worth $7,672,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IR. Atria Investments Inc raised its holdings in Ingersoll Rand by 18.5% in the 3rd quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company’s stock valued at $1,313,000 after acquiring an additional 2,087 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at $201,000. Versor Investments LP purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at $301,000. Apollon Wealth Management LLC grew its stake in shares of Ingersoll Rand by 3.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,449 shares of the industrial products company’s stock valued at $535,000 after buying an additional 196 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of Ingersoll Rand by 16.0% during the 3rd quarter. Harbour Investments Inc. now owns 2,310 shares of the industrial products company’s stock valued at $227,000 after buying an additional 319 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IR. Wells Fargo & Company lowered 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 note on Tuesday, January 7th. 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 research note on Thursday, December 12th. Robert W. Baird upped their price target 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. Barclays decreased their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Stifel Nicolaus decreased their price target 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.36.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $81.88 on Friday. Ingersoll Rand Inc. has a 12 month low of $79.79 and a 12 month high of $106.03. 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 $33.00 billion, a P/E ratio of 39.75, a P/E/G ratio of 3.50 and a beta of 1.48. The company’s fifty day moving average price is $88.29 and its two-hundred day moving average price is $94.21.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company 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%. On average, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 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.