Ingersoll Rand Inc. (NYSE:IR) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,620 shares of the industrial products company's stock after selling 4,659 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Ingersoll Rand were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in IR. AIA Group Ltd increased its position in shares of Ingersoll Rand by 20.5% during the fourth quarter. AIA Group Ltd now owns 41,199 shares of the industrial products company's stock worth $3,727,000 after purchasing an additional 7,005 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Ingersoll Rand by 12.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,633 shares of the industrial products company's stock valued at $1,957,000 after buying an additional 2,371 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Ingersoll Rand by 20.7% in the fourth quarter. Clearbridge Investments LLC now owns 55,709 shares of the industrial products company's stock valued at $5,039,000 after acquiring an additional 9,545 shares during the period. Schroder Investment Management Group grew its position in shares of Ingersoll Rand by 16.6% during the fourth quarter. Schroder Investment Management Group now owns 34,374 shares of the industrial products company's stock worth $3,112,000 after acquiring an additional 4,888 shares during the last quarter. Finally, Okabena Investment Services Inc. purchased a new stake in Ingersoll Rand in the 4th quarter valued at $271,000. 95.27% of the stock is owned by institutional investors and hedge funds.

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Ingersoll Rand Price Performance

Shares of NYSE:IR traded down $4.01 on Friday, reaching $69.51. 6,552,942 shares of the company were exchanged, compared to its average volume of 2,472,963. The company has a 50-day moving average of $85.05 and a 200-day moving average of $93.22. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 1-year low of $67.27 and a 1-year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its 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 company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Analyst Upgrades and Downgrades

IR has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Stifel Nicolaus dropped their price target 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. Wells Fargo & Company decreased their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Citigroup decreased their price target on 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.09.

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.