Angeles Investment Advisors LLC Sells 305 Shares of Ingersoll Rand Inc. (NYSE:IR)

Angeles Investment Advisors LLC lessened its position in Ingersoll Rand Inc. (NYSE:IR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,711 shares of the industrial products company’s stock after selling 305 shares during the period. Angeles Investment Advisors LLC’s holdings in Ingersoll Rand were worth $607,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. acquired a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $42,000. Millstone Evans Group LLC acquired a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $50,000. UMB Bank n.a. boosted its holdings in shares of Ingersoll Rand by 27.0% in 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. Finally, Versant Capital Management Inc boosted its holdings in shares of Ingersoll Rand by 654.4% in 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. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IR shares. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Robert W. Baird upped their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays reduced their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.36.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $81.00 on Monday. The stock has a market cap of $32.65 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The company has a fifty day moving average price of $87.56 and a two-hundred day moving average price of $93.96. Ingersoll Rand Inc. has a one year low of $79.79 and a one year 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 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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