Heartland Bank & Trust Co Acquires 1,825 Shares of Ingersoll Rand Inc. (NYSE:IR)

Heartland Bank & Trust Co boosted its holdings in Ingersoll Rand Inc. (NYSE:IRGet Rating) by 25.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,018 shares of the industrial products company’s stock after acquiring an additional 1,825 shares during the quarter. Heartland Bank & Trust Co’s holdings in Ingersoll Rand were worth $454,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. DNB Asset Management AS lifted its position in Ingersoll Rand by 2.4% in the 4th quarter. DNB Asset Management AS now owns 100,409 shares of the industrial products company’s stock valued at $6,212,000 after acquiring an additional 2,391 shares in the last quarter. Laird Norton Trust Company LLC bought a new position in shares of Ingersoll Rand during the 4th quarter valued at $210,000. Geode Capital Management LLC lifted its holdings in shares of Ingersoll Rand by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 7,307,997 shares of the industrial products company’s stock valued at $450,904,000 after buying an additional 119,561 shares during the period. IndexIQ Advisors LLC lifted its holdings in shares of Ingersoll Rand by 4.1% during the 4th quarter. IndexIQ Advisors LLC now owns 7,011 shares of the industrial products company’s stock valued at $434,000 after buying an additional 276 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Ingersoll Rand by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 412,641 shares of the industrial products company’s stock valued at $25,530,000 after buying an additional 29,204 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of IR stock opened at $41.76 on Thursday. Ingersoll Rand Inc. has a 52-week low of $41.00 and a 52-week high of $62.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.22 and a current ratio of 2.88. The firm has a market capitalization of $16.95 billion, a PE ratio of 23.07 and a beta of 1.48. The stock has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $51.28.

Ingersoll Rand (NYSE:IRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Ingersoll Rand had a return on equity of 9.16% and a net margin of 14.12%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Ingersoll Rand’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 2.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Friday, May 20th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Thursday, May 19th. Ingersoll Rand’s payout ratio is 4.42%.

IR has been the topic of several research analyst reports. TheStreet cut Ingersoll Rand from a “b-” rating to a “c” rating in a report on Wednesday, May 4th. Credit Suisse Group lowered their price target on Ingersoll Rand from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft upped their price objective on Ingersoll Rand from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. StockNews.com started coverage on Ingersoll Rand in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley reduced their price objective on Ingersoll Rand from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, May 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target of $60.25.

Ingersoll Rand Company Profile (Get Rating)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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