Global Retirement Partners LLC Buys 641 Shares of Ingersoll Rand Inc. (NYSE:IR)

Global Retirement Partners LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,428 shares of the industrial products company’s stock after buying an additional 641 shares during the quarter. Global Retirement Partners LLC’s holdings in Ingersoll Rand were worth $310,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IR. Sequoia Financial Advisors LLC boosted its position in Ingersoll Rand by 13.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,112 shares of the industrial products company’s stock worth $502,000 after buying an additional 623 shares during the period. Private Advisor Group LLC raised its stake in shares of Ingersoll Rand by 4.6% during the third quarter. Private Advisor Group LLC now owns 7,501 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 327 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Ingersoll Rand by 13.1% during the third quarter. Assenagon Asset Management S.A. now owns 14,964 shares of the industrial products company’s stock worth $1,469,000 after purchasing an additional 1,732 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Ingersoll Rand in the third quarter valued at $209,000. Finally, Allworth Financial LP raised its position in Ingersoll Rand by 6.9% during the 3rd quarter. Allworth Financial LP now owns 3,404 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 220 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 1.0 %

Shares of IR stock opened at $82.89 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company has a market capitalization of $33.41 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a 52-week low of $82.40 and a 52-week high of $106.03. The company has a 50-day simple moving average of $90.81 and a two-hundred day simple moving average of $94.98.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IR shares. The Goldman Sachs Group increased their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their target price on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird increased their price objective 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. Finally, Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.75.

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.