ING Groep NV Invests $3.39 Million in Ingersoll Rand Inc. (NYSE:IR)

ING Groep NV bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,473 shares of the industrial products company’s stock, valued at approximately $3,390,000.

Other institutional investors also recently bought and sold shares of the company. WealthBridge Capital Management LLC raised its stake in Ingersoll Rand by 20.4% in the fourth quarter. WealthBridge Capital Management LLC now owns 4,397 shares of the industrial products company’s stock valued at $398,000 after buying an additional 744 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Ingersoll Rand by 16.4% in the 4th quarter. Private Advisor Group LLC now owns 8,731 shares of the industrial products company’s stock valued at $790,000 after purchasing an additional 1,230 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Ingersoll Rand by 23.0% in the 4th quarter. Global Retirement Partners LLC now owns 3,428 shares of the industrial products company’s stock valued at $310,000 after purchasing an additional 641 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Ingersoll Rand by 62.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 10,959 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 4,197 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Ingersoll Rand during the 4th quarter valued at approximately $99,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $83.66 on Friday. 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 stock has a market capitalization of $33.72 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.50 and a beta of 1.43. The firm’s 50 day simple moving average is $91.15 and its 200-day simple moving average is $94.98. Ingersoll Rand Inc. has a 12 month low of $83.26 and a 12 month high of $106.03.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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). The firm had revenue of $1.90 billion for 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%. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm 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 is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s payout ratio is 3.88%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IR. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Evercore ISI lowered their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Barclays dropped their target price on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.75.

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.