Elo Mutual Pension Insurance Co Grows Position in Ingersoll Rand Inc. (NYSE:IR)

Elo Mutual Pension Insurance Co increased its position in Ingersoll Rand Inc. (NYSE:IR) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,550 shares of the industrial products company’s stock after purchasing an additional 2,938 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ingersoll Rand were worth $3,487,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its holdings in Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 109 shares in the last quarter. UMB Bank n.a. increased its position in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. RDA Financial Network raised its position in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 128 shares during the period. FSM Wealth Advisors LLC raised its holdings in shares of Ingersoll Rand by 5.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company’s stock worth $222,000 after buying an additional 134 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in Ingersoll Rand by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company’s stock valued at $388,000 after buying an additional 136 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IR has been the topic of a number of recent research reports. Barclays dropped their price objective on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Evercore ISI reduced 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 cut their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price target 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.09.

Ingersoll Rand Trading Down 2.4 %

NYSE IR opened at $79.38 on Friday. The stock has a market capitalization of $32.00 billion, a P/E ratio of 38.53, a P/E/G ratio of 3.50 and a beta of 1.48. The firm has a 50-day moving average price of $86.69 and a 200 day moving average price of $93.66. Ingersoll Rand Inc. has a 52-week low of $79.03 and a 52-week high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last posted its quarterly 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio is currently 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.