O Shaughnessy Asset Management LLC Has $1.96 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

O Shaughnessy Asset Management LLC grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 12.3% during the 4th quarter, HoldingsChannel reports. The firm owned 21,633 shares of the industrial products company’s stock after acquiring an additional 2,371 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Ingersoll Rand were worth $1,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Ingersoll Rand during the fourth quarter worth $36,000. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand in the 4th quarter worth about $38,000. Lee Danner & Bass Inc. bought a new stake in shares of Ingersoll Rand in the 4th quarter worth about $42,000. Millstone Evans Group LLC bought a new position in Ingersoll Rand during the 4th quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its holdings in 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. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $69.51 on Friday. The company has a market cap of $28.02 billion, a PE ratio of 33.74, a PEG ratio of 3.50 and a beta of 1.48. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 1 year low of $67.19 and a 1 year high of $106.03. The company’s 50-day moving average is $85.05 and its two-hundred day moving average is $93.22.

Ingersoll Rand (NYSE:IR) last announced 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Evercore ISI dropped their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird upped their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.09.

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.