DE Burlo Group Inc. Lowers Position in Ingersoll Rand Inc. (NYSE:IR)

DE Burlo Group Inc. lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 168,600 shares of the industrial products company's stock after selling 17,800 shares during the quarter. Ingersoll Rand makes up approximately 2.0% of DE Burlo Group Inc.'s investment portfolio, making the stock its 23rd largest holding. DE Burlo Group Inc.'s holdings in Ingersoll Rand were worth $15,252,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Savant Capital LLC lifted its position in Ingersoll Rand by 2.3% in the 4th quarter. Savant Capital LLC now owns 6,938 shares of the industrial products company's stock valued at $628,000 after acquiring an additional 158 shares in the last quarter. Virtu Financial LLC purchased a new stake in Ingersoll Rand in the 3rd quarter valued at about $864,000. Nordea Investment Management AB increased its stake in Ingersoll Rand by 19.1% in the 4th quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company's stock valued at $153,867,000 after buying an additional 271,381 shares during the last quarter. abrdn plc increased its stake in shares of Ingersoll Rand by 70.5% during the 4th quarter. abrdn plc now owns 262,863 shares of the industrial products company's stock worth $23,851,000 after purchasing an additional 108,700 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of Ingersoll Rand by 441.4% during the 4th quarter. AdvisorNet Financial Inc now owns 18,652 shares of the industrial products company's stock worth $1,687,000 after purchasing an additional 15,207 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IR shares. Stifel Nicolaus decreased their price target 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. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Evercore ISI dropped their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Barclays dropped their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Citigroup dropped their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Ingersoll Rand Trading Up 2.0 %

IR traded up $1.47 on Thursday, hitting $76.90. 1,510,099 shares of the company were exchanged, compared to its average volume of 2,908,222. The firm has a fifty day simple moving average of $77.84 and a two-hundred day simple moving average of $89.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The stock has a market capitalization of $31.00 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) 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 the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.02 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. 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.