Jump Financial LLC Acquires Shares of 8,402 Ingersoll Rand Inc. (NYSE:IR)

Jump Financial LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,402 shares of the industrial products company's stock, valued at approximately $760,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in Ingersoll Rand in the fourth quarter worth approximately $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the fourth quarter worth approximately $38,000. Lee Danner & Bass Inc. bought a new position in Ingersoll Rand in the fourth quarter worth approximately $42,000. Millstone Evans Group LLC bought a new position in Ingersoll Rand in the fourth quarter worth approximately $50,000. Finally, UMB Bank n.a. boosted its holdings in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Wall Street Analyst Weigh In

IR has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Barclays lowered their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price objective on 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 increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Evercore ISI lowered their price objective on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $100.36.

Ingersoll Rand Stock Performance

Shares of IR traded down $0.17 on Monday, reaching $74.81. 7,044,251 shares of the company's stock traded hands, compared to its average volume of 2,575,569. 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 stock has a market cap of $30.15 billion, a PE ratio of 36.32, a PEG ratio of 3.50 and a beta of 1.40. The stock's 50 day simple moving average is $78.24 and its two-hundred day simple moving average is $89.91. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date is Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) 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.