NEOS Investment Management LLC Purchases 17,675 Shares of Ingersoll Rand Inc. (NYSE:IR)

NEOS Investment Management LLC raised its position in Ingersoll Rand Inc. (NYSE:IR) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,660 shares of the industrial products company’s stock after acquiring an additional 17,675 shares during the quarter. NEOS Investment Management LLC’s holdings in Ingersoll Rand were worth $8,111,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IR. UniSuper Management Pty Ltd increased its position in Ingersoll Rand by 21.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 34,547 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 6,059 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ingersoll Rand by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company’s stock valued at $1,707,729,000 after acquiring an additional 649,102 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in Ingersoll Rand by 8.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 38,550 shares of the industrial products company’s stock worth $3,487,000 after acquiring an additional 2,938 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ingersoll Rand by 6.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 634,787 shares of the industrial products company’s stock worth $58,711,000 after acquiring an additional 37,361 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Ingersoll Rand during the fourth quarter valued at approximately $36,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.2 %

Shares of NYSE IR opened at $81.37 on Thursday. Ingersoll Rand Inc. has a 1-year low of $79.79 and a 1-year high of $106.03. 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’s 50 day moving average is $87.12 and its two-hundred day moving average is $93.80. The stock has a market capitalization of $32.80 billion, a P/E ratio of 39.50, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last released its 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IR. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI cut their price target on 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. The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays cut their target price on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $105.09.

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.