O Shaughnessy Asset Management LLC Has $1.96 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

O Shaughnessy Asset Management LLC raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,633 shares of the industrial products company’s stock after buying an additional 2,371 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ingersoll Rand were worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new position in Ingersoll Rand during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand during the 4th quarter worth $38,000. Lee Danner & Bass Inc. bought a new position in shares of Ingersoll Rand during the 4th quarter valued at $42,000. Millstone Evans Group LLC acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $50,000. Finally, UMB Bank n.a. boosted its holdings in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays reduced their price target on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus decreased their target price 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. Evercore ISI dropped their price target on shares of 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 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 report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their target price 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $105.09.

Ingersoll Rand Stock Performance

NYSE:IR opened at $69.51 on Friday. 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 firm’s 50-day moving average is $85.05 and its 200-day moving average is $93.22. Ingersoll Rand Inc. has a 52-week low of $67.19 and a 52-week high of $106.03. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.50 and a beta of 1.48.

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 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 analyst estimates of $1.91 billion. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. 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 0.12%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

Ingersoll Rand 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.