Janus Henderson Group PLC Acquires 146,450 Shares of Ingersoll Rand Inc. $IR

Janus Henderson Group PLC boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the first quarter, Holdings Channel.com reports. The fund owned 6,576,720 shares of the industrial products company’s stock after acquiring an additional 146,450 shares during the quarter. Janus Henderson Group PLC’s holdings in Ingersoll Rand were worth $526,926,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Ingersoll Rand by 4.8% during the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 282 shares during the period. Empowered Funds LLC grew its holdings in shares of Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 454 shares during the last quarter. Woodline Partners LP bought a new position in shares of Ingersoll Rand in the first quarter worth about $643,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Ingersoll Rand by 663.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after buying an additional 64,838 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 2.2%

Shares of Ingersoll Rand stock opened at $84.62 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The stock has a market cap of $33.12 billion, a price-to-earnings ratio of 57.18, a PEG ratio of 5.47 and a beta of 1.17. The firm’s 50-day moving average is $77.50 and its two-hundred day moving average is $82.69. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Wall Street Analyst Weigh In

IR has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Barclays lowered their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Citigroup dropped their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $91.86.

Ingersoll Rand Profile

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.