Ingersoll Rand Inc. $IR Stake Trimmed by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lowered its holdings in Ingersoll Rand Inc. (NYSE:IR) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 375,963 shares of the industrial products company’s stock after selling 22,915 shares during the period. Eurizon Capital SGR S.p.A. owned approximately 0.10% of Ingersoll Rand worth $28,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IR. Fifth Third Bancorp raised its holdings in Ingersoll Rand by 7.5% in the 3rd quarter. Fifth Third Bancorp now owns 86,465 shares of the industrial products company’s stock valued at $6,494,000 after acquiring an additional 6,045 shares in the last quarter. Bingham Private Wealth LLC grew its holdings in shares of Ingersoll Rand by 6.5% during the 3rd quarter. Bingham Private Wealth LLC now owns 4,018 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 245 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Ingersoll Rand by 10.6% during the third quarter. Maryland State Retirement & Pension System now owns 24,028 shares of the industrial products company’s stock worth $1,805,000 after purchasing an additional 2,311 shares during the period. AMG National Trust Bank lifted its position in Ingersoll Rand by 17.7% during the third quarter. AMG National Trust Bank now owns 11,674 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 1,754 shares during the period. Finally, Lido Advisors LLC acquired a new stake in Ingersoll Rand during the third quarter worth about $345,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IR shares. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Ingersoll Rand in a research note on Monday, October 12th. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target (up from $93.00) on shares of Ingersoll Rand in a research note on Monday, November 2nd. Finally, Robert W. Baird decreased their price target on Ingersoll Rand from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Ingersoll Rand Stock Performance

NYSE IR opened at $85.13 on Friday. The firm’s fifty day moving average price is $77.64 and its two-hundred day moving average price is $81.12. The stock has a market cap of $32.69 billion, a PE ratio of 24.10, a PEG ratio of 3.57 and a beta of 1.15. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.24 and a current ratio of 1.69.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.17. Ingersoll Rand had a return on equity of 13.47% and a net margin of 17.20%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $0.86 EPS. Ingersoll Rand’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.47 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 12th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 2.25%.

Ingersoll Rand Profile

Ingersoll Rand Inc. (NYSE: IR) is a global industrial company that designs and manufactures equipment and technologies used to move, manage and control air, gases, fluids and other materials. Its products include air and gas compressors, vacuum and blower systems, pumps, and related components and services. The company also supplies precision and science technologies for applications such as fluid handling, material processing and life sciences. Its equipment and services support customers across a range of industries, including manufacturing, energy, healthcare and food and beverage.