Mizuho Securities USA LLC Buys 12,032 Shares of Ingersoll Rand Inc. (NYSE:IR)

Mizuho Securities USA LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 46.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,196 shares of the industrial products company’s stock after acquiring an additional 12,032 shares during the quarter. Mizuho Securities USA LLC’s holdings in Ingersoll Rand were worth $3,455,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Savant Capital LLC increased its stake in shares of Ingersoll Rand by 2.3% in the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company’s stock valued at $628,000 after acquiring an additional 158 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at $864,000. Nordea Investment Management AB increased its stake in shares of Ingersoll Rand by 19.1% in the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock valued at $153,867,000 after acquiring an additional 271,381 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Ingersoll Rand by 9.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company’s stock valued at $8,916,000 after purchasing an additional 7,784 shares during the period. Finally, abrdn plc grew its position in Ingersoll Rand by 70.5% in the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company’s stock valued at $23,851,000 after purchasing an additional 108,700 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IR. Evercore ISI reduced their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lifted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays reduced their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.36.

Ingersoll Rand Price Performance

IR opened at $81.00 on Monday. 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 $32.65 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. The firm’s fifty day moving average price is $87.56 and its two-hundred day moving average price is $93.96. Ingersoll Rand Inc. has a 1 year low of $79.79 and a 1 year high of $106.03.

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

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

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.