Banco Bilbao Vizcaya Argentaria S.A. Sells 7,319 Shares of Ingersoll Rand Inc. (NYSE:IR)

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,509 shares of the industrial products company's stock after selling 7,319 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ingersoll Rand were worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IR. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in Ingersoll Rand during the 4th quarter valued at $38,000. Lee Danner & Bass Inc. purchased a new stake in shares of Ingersoll Rand during the fourth quarter worth $42,000. Millstone Evans Group LLC bought a new position in shares of Ingersoll Rand in the fourth quarter worth $50,000. Finally, UMB Bank n.a. grew its position 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 purchasing an additional 127 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on IR. Stifel Nicolaus cut their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Barclays lowered their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Citigroup lowered their price objective on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Ingersoll Rand Trading Down 1.1 %

Shares of IR stock opened at $74.90 on Friday. The business has a 50-day moving average price of $78.46 and a two-hundred day moving average price of $90.15. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The firm has a market cap of $30.19 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, May 15th. Ingersoll Rand's 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.

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