Ingersoll Rand Inc. $IR Shares Acquired by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 55.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,976 shares of the industrial products company’s stock after acquiring an additional 6,800 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Ingersoll Rand were worth $1,520,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares during the period. Sumitomo Life Insurance Co. increased its stake in Ingersoll Rand by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after buying an additional 138 shares during the period. Groupama Asset Managment raised its position in Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after buying an additional 140 shares during the last quarter. Andina Capital Management LLC raised its position in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after buying an additional 145 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Ingersoll Rand by 6.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $84.63 on Tuesday. The company has a 50-day simple moving average of $76.85 and a 200-day simple moving average of $82.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The company has a market cap of $33.12 billion, a PE ratio of 57.18, a price-to-earnings-growth ratio of 5.34 and a beta of 1.17. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a report on Thursday, April 30th. Citigroup reduced their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wall Street Zen upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus dropped their price objective on Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Finally, Barclays cut their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.86.

About Ingersoll Rand

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.