Boothbay Fund Management LLC Has $5.10 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Boothbay Fund Management LLC lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 46.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,365 shares of the industrial products company's stock after selling 48,730 shares during the period. Boothbay Fund Management LLC's holdings in Ingersoll Rand were worth $5,099,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in Ingersoll Rand by 4.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock valued at $218,000 after acquiring an additional 109 shares during the period. UMB Bank n.a. lifted its holdings in 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 last quarter. RDA Financial Network lifted its holdings in shares of Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after buying an additional 128 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Ingersoll Rand by 5.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after purchasing an additional 134 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analyst Ratings Changes

IR has been the topic of a number of research reports. Stifel Nicolaus cut their target price 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. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Citigroup reduced their price objective 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. Robert W. Baird increased their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays reduced their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Ingersoll Rand Stock Performance

NYSE IR traded up $0.53 during trading hours on Wednesday, hitting $75.39. The company had a trading volume of 4,848,416 shares, compared to its average volume of 2,598,504. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The firm has a market cap of $30.39 billion, a P/E ratio of 36.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40. The business has a fifty day simple moving average of $78.00 and a 200-day simple moving average of $89.80. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS 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 paid a $0.02 dividend. 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 dividend payout ratio is 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.