Xponance Inc. Purchases 1,172 Shares of Ingersoll Rand Inc. (NYSE:IR)

Xponance Inc. lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,094 shares of the industrial products company’s stock after purchasing an additional 1,172 shares during the period. Xponance Inc.’s holdings in Ingersoll Rand were worth $6,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its holdings in shares of Ingersoll Rand by 120.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,318 shares of the industrial products company’s stock worth $718,000 after buying an additional 4,001 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Ingersoll Rand by 7.8% during the 3rd quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company’s stock worth $630,000 after buying an additional 463 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Ingersoll Rand by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company’s stock worth $3,216,000 after buying an additional 1,171 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Ingersoll Rand by 7.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,755 shares of the industrial products company’s stock worth $761,000 after buying an additional 512 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $2,285,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Up 0.6 %

Shares of NYSE:IR opened at $82.08 on Thursday. The company has a market capitalization of $33.09 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The business has a fifty day moving average price of $87.83 and a two-hundred day moving average price of $94.03. Ingersoll Rand Inc. has a 1 year low of $79.79 and a 1 year high of $106.03.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.10%. Ingersoll Rand’s payout ratio is 3.88%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered their target price on 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. Citigroup lowered their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. 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 report on Tuesday, January 7th. 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 report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Six 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, the stock has an average rating of “Moderate Buy” and an average price target of $105.36.

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.