Signaturefd LLC Purchases 188 Shares of Ingersoll Rand Inc. (NYSE:IR)

Signaturefd LLC boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,432 shares of the industrial products company’s stock after purchasing an additional 188 shares during the period. Signaturefd LLC’s holdings in Ingersoll Rand were worth $1,306,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in Ingersoll Rand during the 4th quarter valued at about $38,000. UMB Bank n.a. lifted its holdings in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 589 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Ingersoll Rand during the 4th quarter valued at about $99,000. Finally, WASHINGTON TRUST Co increased its position in Ingersoll Rand by 18.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 177 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Barclays dropped their target price on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Six investment 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 has a consensus rating of “Moderate Buy” and a consensus price target of $105.36.

Ingersoll Rand Stock Down 1.7 %

Shares of NYSE:IR opened at $81.57 on Wednesday. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03. 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 company has a market capitalization of $32.88 billion, a PE ratio of 39.60, a PEG ratio of 3.50 and a beta of 1.48. The company has a 50 day moving average price of $87.98 and a two-hundred day moving average price of $94.12.

Ingersoll Rand (NYSE:IR) last issued its 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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