Union Bancaire Privee UBP SA Takes Position in Ingersoll Rand Inc. (NYSE:IR)

Union Bancaire Privee UBP SA purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,288 shares of the industrial products company’s stock, valued at approximately $541,000.

Several other large investors have also recently modified their holdings of IR. Sequoia Financial Advisors LLC raised its stake in shares of Ingersoll Rand by 13.9% during the third quarter. Sequoia Financial Advisors LLC now owns 5,112 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 623 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Ingersoll Rand by 4.6% during the third quarter. Private Advisor Group LLC now owns 7,501 shares of the industrial products company’s stock worth $736,000 after buying an additional 327 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Ingersoll Rand by 13.1% during the third quarter. Assenagon Asset Management S.A. now owns 14,964 shares of the industrial products company’s stock worth $1,469,000 after buying an additional 1,732 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth $209,000. Finally, Allworth Financial LP increased its position in shares of Ingersoll Rand by 6.9% during the third quarter. Allworth Financial LP now owns 3,404 shares of the industrial products company’s stock worth $334,000 after buying an additional 220 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. The Goldman Sachs Group raised their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Robert W. Baird raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus target price of $104.75.

Ingersoll Rand Stock Down 1.0 %

IR opened at $82.89 on Tuesday. 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 company’s 50-day moving average is $90.81 and its 200 day moving average is $94.98. Ingersoll Rand Inc. has a fifty-two week low of $82.40 and a fifty-two week high of $106.03. The firm has a market capitalization of $33.41 billion, a P/E ratio of 40.24, a PEG ratio of 3.50 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.91 billion. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given 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 dividend payout ratio is 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.