International Assets Investment Management LLC Has $21.77 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

International Assets Investment Management LLC raised its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 7,475.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,518 shares of the industrial products company's stock after buying an additional 277,802 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of Ingersoll Rand worth $21,773,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Ingersoll Rand during the 4th quarter valued at about $187,291,000. Morgan Stanley raised its position in shares of Ingersoll Rand by 65.4% during the 4th quarter. Morgan Stanley now owns 4,701,832 shares of the industrial products company's stock worth $245,671,000 after purchasing an additional 1,858,698 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Ingersoll Rand by 101.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company's stock worth $108,328,000 after purchasing an additional 854,314 shares during the last quarter. Vanguard Group Inc. boosted its position in Ingersoll Rand by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 44,054,298 shares of the industrial products company's stock valued at $2,218,134,000 after purchasing an additional 823,749 shares during the period. Finally, Prudential Financial Inc. increased its position in Ingersoll Rand by 97.7% in the first quarter. Prudential Financial Inc. now owns 1,270,695 shares of the industrial products company's stock worth $63,980,000 after buying an additional 628,086 shares during the period. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Price Performance

NYSE:IR traded up $0.18 during mid-day trading on Thursday, reaching $93.17. 1,529,294 shares of the stock were exchanged, compared to its average volume of 2,514,881. Ingersoll Rand Inc. has a 1-year low of $53.24 and a 1-year high of $96.17. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $37.59 billion, a PE ratio of 48.94, a PEG ratio of 3.27 and a beta of 1.44. The business has a fifty day moving average price of $90.32 and a 200 day moving average price of $77.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.09. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. Research analysts expect that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand's payout ratio is 4.21%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the sale, the chief accounting officer now directly owns 9,715 shares of the company's stock, valued at $854,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares of the company's stock, valued at approximately $854,920. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vicente Reynal sold 240,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the sale, the insider now directly owns 91,957 shares of the company's stock, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Insiders have sold 293,011 shares of company stock valued at $26,374,789 over the last three months. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

IR has been the subject of several analyst reports. Stifel Nicolaus reissued a "buy" rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. Evercore ISI cut shares of Ingersoll Rand from an "outperform" rating to an "in-line" rating and upped their target price for the stock from $81.00 to $89.00 in a research report on Tuesday, February 20th. UBS Group lifted their price target on Ingersoll Rand from $78.00 to $93.00 and gave the company a "buy" rating in a report on Monday, January 29th. Wells Fargo & Company increased their price objective on Ingersoll Rand from $83.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th. Finally, Barclays lifted their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $89.67.

About Ingersoll Rand

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.