National Pension Service Sells 25,425 Shares of Ingersoll Rand Inc. (NYSE:IR)

National Pension Service decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 510,458 shares of the industrial products company’s stock after selling 25,425 shares during the period. National Pension Service owned approximately 0.13% of Ingersoll Rand worth $46,176,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Ingersoll Rand during the third quarter valued at $34,000. UMB Bank n.a. boosted its stake in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares during the period. Versant Capital Management Inc boosted its stake in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares during the period. Princeton Global Asset Management LLC bought a new stake in Ingersoll Rand during the third quarter valued at $65,000. Finally, Venturi Wealth Management LLC bought a new stake in Ingersoll Rand during the fourth quarter worth about $99,000. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IR. 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 research note on Wednesday, February 19th. UBS Group began coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target 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, Barclays dropped their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.75.

Ingersoll Rand Stock Down 0.5 %

IR opened at $82.96 on Friday. The company has a market cap of $33.44 billion, a P/E ratio of 40.27, a P/E/G ratio of 3.50 and a beta of 1.43. The business’s 50-day moving average price is $90.17 and its 200-day moving average price is $94.77. 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 12 month low of $81.71 and a 12 month high of $106.03.

Ingersoll Rand (NYSE:IR) last announced 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). 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 for the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. 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.