Aquatic Capital Management LLC Invests $4.79 Million in Ingersoll Rand Inc. (NYSE:IR)

Aquatic Capital Management LLC bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 53,001 shares of the industrial products company's stock, valued at approximately $4,794,000.

A number of other hedge funds have also recently modified their holdings of IR. Virtu Financial LLC acquired a new stake in Ingersoll Rand in the 3rd quarter valued at approximately $864,000. Pine Valley Investments Ltd Liability Co lifted its holdings in Ingersoll Rand by 11.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,043 shares of the industrial products company's stock worth $299,000 after buying an additional 309 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Ingersoll Rand in the third quarter valued at approximately $562,000. Franklin Resources Inc. lifted its position in Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock valued at $1,207,554,000 after acquiring an additional 278,710 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at about $2,193,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective 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. Evercore ISI lowered their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus dropped their price objective on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Barclays cut their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Ingersoll Rand Trading Up 0.7 %

IR traded up $0.53 on Wednesday, reaching $75.39. 4,848,416 shares of the company's stock were exchanged, compared to its average volume of 2,598,504. The company's 50 day moving average is $78.00 and its 200-day moving average is $89.80. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month 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 2.29. The company has a market cap of $30.39 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released 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 return on equity of 12.78% and a net margin of 11.59%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th 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 0.11%. The ex-dividend date is Thursday, May 15th. Ingersoll Rand's payout ratio is currently 3.88%.

Ingersoll Rand Company 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.