WASHINGTON TRUST Co Purchases 177 Shares of Ingersoll Rand Inc. (NYSE:IR)

WASHINGTON TRUST Co increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,136 shares of the industrial products company’s stock after buying an additional 177 shares during the quarter. WASHINGTON TRUST Co’s holdings in Ingersoll Rand were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth $34,000. Eastern Bank bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth $42,000. UMB Bank n.a. boosted its holdings in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth $65,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after buying an additional 589 shares during the period. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IR. 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. Barclays reduced their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Price Performance

NYSE:IR opened at $85.79 on Friday. The company has a 50-day moving average of $92.75 and a 200-day moving average of $95.18. The company has a market capitalization of $34.58 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43. Ingersoll Rand Inc. has a 52 week low of $83.72 and a 52 week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand (NYSE:IR) last announced its earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. As a group, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.2 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.90%.

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.