Crestwood Advisors Group LLC Boosts Stake in Ingersoll Rand Inc. (NYSE:IR)

Crestwood Advisors Group LLC increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,039 shares of the industrial products company’s stock after acquiring an additional 257 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Ingersoll Rand were worth $1,632,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Chicago Partners Investment Group LLC raised its holdings in shares of Ingersoll Rand by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 109 shares during the period. Kanawha Capital Management LLC increased its position in Ingersoll Rand by 2.4% during the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 119 shares during the last quarter. UMB Bank n.a. raised its stake in Ingersoll Rand by 27.0% during the fourth 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 during the period. RDA Financial Network boosted its holdings in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 128 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of Ingersoll Rand by 5.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $222,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.0 %

NYSE IR opened at $82.89 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The firm has a market cap of $33.41 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 3.50 and a beta of 1.43. The firm has a 50 day simple moving average of $90.81 and a 200-day simple moving average of $94.98. Ingersoll Rand Inc. has a one year low of $82.40 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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). 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 analysts’ expectations of $1.91 billion. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analysts Forecast Growth

IR has been the topic of several analyst reports. Barclays reduced their price target on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup lowered their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group began coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Finally, Evercore ISI decreased their target price 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.75.

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.