Pine Valley Investments Ltd Liability Co Buys 187 Shares of Ingersoll Rand Inc. (NYSE:IR)

Pine Valley Investments Ltd Liability Co boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,230 shares of the industrial products company’s stock after purchasing an additional 187 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Ingersoll Rand were worth $292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Private Advisor Group LLC boosted its position in Ingersoll Rand by 4.6% in the third quarter. Private Advisor Group LLC now owns 7,501 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 327 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Ingersoll Rand by 13.1% in the third quarter. Assenagon Asset Management S.A. now owns 14,964 shares of the industrial products company’s stock worth $1,469,000 after buying an additional 1,732 shares during the last quarter. Allworth Financial LP grew its position in Ingersoll Rand by 6.9% during the third quarter. Allworth Financial LP now owns 3,404 shares of the industrial products company’s stock valued at $334,000 after buying an additional 220 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ingersoll Rand by 22.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,368 shares of the industrial products company’s stock valued at $3,273,000 after buying an additional 6,122 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Ingersoll Rand by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 107,908 shares of the industrial products company’s stock worth $10,592,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Citigroup reduced their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays reduced their target price on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.75.

Ingersoll Rand Trading Down 0.1 %

NYSE IR opened at $83.28 on Thursday. Ingersoll Rand Inc. has a 1 year low of $81.71 and a 1 year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The company has a market capitalization of $33.57 billion, a PE ratio of 40.43, a P/E/G ratio of 3.50 and a beta of 1.43. The company has a fifty day moving average of $90.33 and a 200 day moving average of $94.85.

Ingersoll Rand (NYSE:IR) last issued 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). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand’s 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.