Nemes Rush Group LLC Has $81,000 Stake in Ingersoll Rand Inc. (NYSE:IR)

Nemes Rush Group LLC boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 206.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 896 shares of the industrial products company’s stock after purchasing an additional 604 shares during the period. Nemes Rush Group LLC’s holdings in Ingersoll Rand were worth $81,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IR. Norges Bank acquired a new position in Ingersoll Rand during the fourth quarter valued at $429,591,000. JPMorgan Chase & Co. increased its holdings in shares of Ingersoll Rand by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after purchasing an additional 1,462,538 shares during the period. Franklin Resources Inc. lifted its position in shares of Ingersoll Rand by 5.9% in the fourth quarter. Franklin Resources Inc. now owns 12,277,177 shares of the industrial products company’s stock worth $1,110,593,000 after purchasing an additional 679,856 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new position in Ingersoll Rand during the fourth quarter valued at approximately $47,763,000. Finally, Raymond James Financial Inc. acquired a new position in Ingersoll Rand in the 4th quarter valued at approximately $45,004,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IR has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus lowered their price target on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.09.

Ingersoll Rand Stock Performance

NYSE:IR opened at $81.75 on Thursday. The firm has a market capitalization of $32.95 billion, a PE ratio of 39.68, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 1 year low of $77.18 and a 1 year high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $85.93 and its 200 day simple moving average is $93.50.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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 analyst estimates of $1.91 billion. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a $0.02 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio is 3.88%.

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.