Metis Global Partners LLC Boosts Position in Ingersoll Rand Inc. (NYSE:IR)

Metis Global Partners LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,341 shares of the industrial products company’s stock after acquiring an additional 472 shares during the quarter. Metis Global Partners LLC’s holdings in Ingersoll Rand were worth $1,659,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IR. Farther Finance Advisors LLC increased its stake in Ingersoll Rand by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $239,000 after buying an additional 422 shares during the period. Princeton Global Asset Management LLC bought a new position in Ingersoll Rand during the 3rd quarter worth about $65,000. Janney Montgomery Scott LLC grew its holdings in Ingersoll Rand by 33.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 82,805 shares of the industrial products company’s stock worth $8,128,000 after acquiring an additional 20,853 shares in the last quarter. Kanawha Capital Management LLC grew its holdings in Ingersoll Rand by 2.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 119 shares in the last quarter. Finally, Old North State Wealth Management LLC grew its holdings in Ingersoll Rand by 5.7% during the 3rd quarter. Old North State Wealth Management LLC now owns 2,860 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Evercore ISI dropped their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Barclays dropped their target price on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. UBS Group began coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.75.

Ingersoll Rand Stock Down 2.7 %

NYSE:IR opened at $82.49 on Tuesday. The company has a market cap of $33.25 billion, a PE ratio of 40.04, a P/E/G ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a twelve month low of $81.71 and a twelve month high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $89.84 and its two-hundred day moving average is $94.74.

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). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business 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. 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 presently 3.88%.

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.