Arcadia Investment Management Corp MI Boosts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Arcadia Investment Management Corp MI raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,741 shares of the industrial products company’s stock after purchasing an additional 397 shares during the period. Arcadia Investment Management Corp MI’s holdings in Ingersoll Rand were worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand in the third quarter worth about $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter worth about $42,000. UMB Bank n.a. boosted its holdings in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Ingersoll Rand by 654.4% in the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 589 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand in the third quarter worth about $65,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday. Evercore ISI decreased their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday. Robert W. Baird lifted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays decreased their target price on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $104.75.

Ingersoll Rand Stock Up 1.1 %

Shares of IR stock opened at $86.64 on Friday. The stock has a 50 day moving average of $91.50 and a 200 day moving average of $94.95. 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 stock has a market cap of $34.92 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.47 and a beta of 1.43. Ingersoll Rand Inc. has a twelve month low of $83.72 and a twelve month high of $106.03.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.31 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

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.