Dark Forest Capital Management LP Has $670,000 Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Dark Forest Capital Management LP raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,404 shares of the industrial products company’s stock after purchasing an additional 1,183 shares during the period. Dark Forest Capital Management LP’s holdings in Ingersoll Rand were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG acquired a new position in shares of Ingersoll Rand during the 4th quarter worth $2,400,000. Stifel Financial Corp raised its stake in Ingersoll Rand by 3.4% during the fourth quarter. Stifel Financial Corp now owns 147,062 shares of the industrial products company’s stock worth $13,303,000 after acquiring an additional 4,830 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Ingersoll Rand by 8.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 7,910 shares of the industrial products company’s stock worth $716,000 after acquiring an additional 592 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Ingersoll Rand by 3.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 33,297 shares of the industrial products company’s stock valued at $3,012,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Ingersoll Rand by 358.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,072 shares of the industrial products company’s stock valued at $3,625,000 after purchasing an additional 31,331 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ingersoll Rand Stock Up 3.2 %

Shares of Ingersoll Rand stock opened at $75.74 on Friday. The stock’s 50-day moving average is $78.69 and its 200 day moving average is $90.38. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 3.50 and a beta of 1.40. 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 (NYSE:IR) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Ingersoll Rand’s dividend payout ratio is currently 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.