GC Wealth Management RIA LLC Decreases Stake in Ingersoll Rand Inc. (NYSE:IR)

GC Wealth Management RIA LLC reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 32.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,937 shares of the industrial products company’s stock after selling 2,875 shares during the period. GC Wealth Management RIA LLC’s holdings in Ingersoll Rand were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IR. Atria Investments Inc lifted its position in shares of Ingersoll Rand by 18.5% in the third quarter. Atria Investments Inc now owns 13,381 shares of the industrial products company’s stock worth $1,313,000 after buying an additional 2,087 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Ingersoll Rand by 11.2% in the third quarter. Sigma Planning Corp now owns 12,363 shares of the industrial products company’s stock worth $1,214,000 after buying an additional 1,249 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Ingersoll Rand by 4.7% in the third quarter. Crossmark Global Holdings Inc. now owns 24,682 shares of the industrial products company’s stock worth $2,423,000 after buying an additional 1,118 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Ingersoll Rand in the third quarter worth about $201,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand during the third quarter valued at approximately $34,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on IR. Citigroup decreased their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus decreased their price objective on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. UBS Group began coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Robert W. Baird upped their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Ingersoll Rand Trading Down 0.7 %

IR opened at $82.90 on Wednesday. Ingersoll Rand Inc. has a one year low of $79.97 and a one year high of $106.03. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of 40.24, a P/E/G ratio of 3.50 and a beta of 1.48. The stock’s 50 day moving average price is $88.89 and its 200-day moving average price is $94.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.88%.

Ingersoll Rand 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.