Essential Planning LLC. Purchases Shares of 30,810 Ingersoll Rand Inc. (NYSE:IR)

Essential Planning LLC. purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 30,810 shares of the industrial products company’s stock, valued at approximately $3,067,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand in the third quarter valued at $34,000. OFI Invest Asset Management purchased a new position in Ingersoll Rand during the 4th quarter worth approximately $38,000. UMB Bank n.a. grew its position in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc grew its position in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 589 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Ingersoll Rand during the 4th quarter worth approximately $99,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.7 %

Ingersoll Rand stock opened at $81.48 on Thursday. 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 company has a market capitalization of $32.84 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a one year low of $79.97 and a one year high of $106.03. The company’s fifty day moving average price is $88.71 and its two-hundred day moving average price is $94.34.

Ingersoll Rand (NYSE:IR) last posted its 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, analysts forecast 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 issued 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 is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Analysts Set New Price Targets

Several equities analysts have weighed in on IR shares. Citigroup lowered their price objective 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. Barclays lowered their price objective on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI lowered their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.36.

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.