Ingersoll Rand Inc. (NYSE:IR) Stake Raised by Guggenheim Capital LLC

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

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

Wall Street Analyst Weigh In

IR has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Robert W. Baird lifted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price target on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $100.36.

Ingersoll Rand Stock Performance

Ingersoll Rand stock traded down $0.17 during mid-day trading on Monday, reaching $74.81. The company's stock had a trading volume of 7,044,251 shares, compared to its average volume of 2,575,569. The firm has a market cap of $30.15 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 3.50 and a beta of 1.40. The business has a 50 day moving average price of $78.24 and a 200-day moving average price of $89.91. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. 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.