V Square Quantitative Management LLC Grows Stock Position in Ingersoll Rand Inc. (NYSE:IR)

V Square Quantitative Management LLC grew its position in Ingersoll Rand Inc. (NYSE:IR) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,027 shares of the industrial products company’s stock after acquiring an additional 287 shares during the quarter. V Square Quantitative Management LLC’s holdings in Ingersoll Rand were worth $907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand during the third quarter worth $34,000. Eastern Bank acquired a new stake in Ingersoll Rand during the third quarter worth $42,000. UMB Bank n.a. increased its stake in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand during the third quarter worth $65,000. Finally, Versant Capital Management Inc increased 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 acquiring an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IR shares. Robert W. Baird cut their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Citigroup dropped their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays dropped their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Price Performance

IR stock opened at $85.79 on Friday. Ingersoll Rand Inc. has a 1 year low of $83.72 and a 1 year high of $106.03. The firm has a market cap of $34.58 billion, a P/E ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43. The stock’s 50 day moving average price is $93.08 and its 200 day moving average price is $95.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

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

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued 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 currently 3.88%.

Ingersoll Rand Company 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.