John G Ullman & Associates Inc. Sells 164 Shares of Ingersoll Rand Inc. (NYSE:IR)

John G Ullman & Associates Inc. lowered its position in Ingersoll Rand Inc. (NYSE:IR) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,142 shares of the industrial products company’s stock after selling 164 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Ingersoll Rand were worth $862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Ingersoll Rand during the 3rd quarter valued at $25,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Ingersoll Rand in the 4th quarter worth $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Ingersoll Rand in the 3rd quarter worth $28,000. Lazard Asset Management LLC boosted its position in shares of Ingersoll Rand by 1,566.7% in the 2nd quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 423 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Ingersoll Rand by 348.2% in the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IR shares. The Goldman Sachs Group raised their target price on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. BNP Paribas started coverage on Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 target price for the company. Wells Fargo & Company raised their target price on Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Stifel Nicolaus restated a “buy” rating and issued a $102.00 target price on shares of Ingersoll Rand in a research note on Tuesday, March 26th. Finally, Cfra lifted their price objective on Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $92.73.

Insider Buying and Selling

In related news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total value of $667,920.00. Following the transaction, the chief accounting officer now owns 9,715 shares in the company, valued at $854,920. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,011 shares of company stock worth $26,374,789. Insiders own 0.83% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $88.40 on Friday. Ingersoll Rand Inc. has a 52 week low of $53.24 and a 52 week high of $96.17. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $35.66 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.44. The stock’s 50-day moving average price is $91.25 and its 200-day moving average price is $78.68.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 6th. Ingersoll Rand’s payout ratio is 4.21%.

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.