Guggenheim Capital LLC Has $1.01 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Guggenheim Capital LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 93.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,121 shares of the industrial products company’s stock after buying an additional 5,367 shares during the quarter. Guggenheim Capital LLC’s holdings in Ingersoll Rand were worth $1,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Post Corp Registered Pension Plan acquired a new stake in Ingersoll Rand in the fourth quarter valued at $2,423,000. XTX Topco Ltd acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $1,922,000. Belpointe Asset Management LLC grew its holdings in Ingersoll Rand by 20.2% during the fourth quarter. Belpointe Asset Management LLC now owns 2,567 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 432 shares during the period. CreativeOne Wealth LLC increased its position in Ingersoll Rand by 52.6% during the fourth quarter. CreativeOne Wealth LLC now owns 4,187 shares of the industrial products company’s stock worth $379,000 after buying an additional 1,443 shares during the last quarter. Finally, Mariner LLC raised its stake in Ingersoll Rand by 3.7% in the fourth quarter. Mariner LLC now owns 67,701 shares of the industrial products company’s stock valued at $6,124,000 after buying an additional 2,402 shares during the period. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $72.27 on Wednesday. The business has a fifty day moving average price of $79.14 and a two-hundred day moving average price of $90.66. The stock has a market capitalization of $29.13 billion, a PE ratio of 35.08, a P/E/G ratio of 3.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03.

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

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IR. Stifel Nicolaus dropped their price target on Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company cut 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. Robert W. Baird upped their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Evercore ISI cut their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup lowered their target price on Ingersoll Rand from $109.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Six 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 presently has a consensus rating of “Moderate Buy” and an average price target of $100.36.

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.