HighTower Advisors LLC Acquires 2,049 Shares of Ingersoll Rand Inc. (NYSE:IR)

HighTower Advisors LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,177 shares of the industrial products company’s stock after acquiring an additional 2,049 shares during the period. HighTower Advisors LLC’s holdings in Ingersoll Rand were worth $7,615,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new position in shares of Ingersoll Rand in the 4th quarter worth approximately $38,000. UMB Bank n.a. lifted its position in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc boosted its stake in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after buying an additional 589 shares during the period. Venturi Wealth Management LLC bought a new position in Ingersoll Rand during the fourth quarter valued at $99,000. Finally, WASHINGTON TRUST Co raised its stake in shares of Ingersoll Rand by 18.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 177 shares during the period. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

Shares of IR opened at $81.57 on Wednesday. The stock has a market capitalization of $32.88 billion, a PE ratio of 39.60, a PEG ratio of 3.50 and a beta of 1.48. The company has a 50 day moving average price of $87.98 and a 200-day moving average price of $94.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a fifty-two week low of $79.79 and a fifty-two week high of $106.03.

Ingersoll Rand (NYSE:IR) last announced 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). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s payout ratio is 3.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IR shares. Barclays cut their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Robert W. Baird increased their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. 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 research note on Tuesday, January 7th. Finally, Evercore ISI lowered their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average price target of $105.36.

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.