MetLife Investment Management LLC Buys 1,761 Shares of Ingersoll Rand Inc. (NYSE:IR)

MetLife Investment Management LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 106,675 shares of the industrial products company’s stock after acquiring an additional 1,761 shares during the quarter. MetLife Investment Management LLC’s holdings in Ingersoll Rand were worth $9,650,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Ingersoll Rand during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the fourth quarter valued at about $38,000. Lee Danner & Bass Inc. acquired a new position in Ingersoll Rand during the fourth quarter worth about $42,000. Millstone Evans Group LLC bought a new position in shares of Ingersoll Rand in the fourth quarter worth about $50,000. Finally, UMB Bank n.a. grew its holdings in shares of Ingersoll Rand by 27.0% during the 4th 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. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IR. Citigroup cut their target price on shares of Ingersoll Rand from $109.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Evercore ISI reduced their price objective on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus dropped their target price on Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.36.

Ingersoll Rand Stock Down 3.2 %

Shares of Ingersoll Rand stock opened at $69.77 on Tuesday. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.50 and a beta of 1.40. The stock’s 50-day moving average is $79.55 and its 200 day moving average is $90.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a $0.02 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Ingersoll Rand’s dividend payout ratio is presently 3.88%.

Ingersoll Rand Company 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.