Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,899,170 shares of the industrial products company's stock after selling 1,644,375 shares during the period. Capital Research Global Investors owned 4.69% of Ingersoll Rand worth $1,709,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Ingersoll Rand in the 4th quarter worth $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the fourth quarter worth about $38,000. Lee Danner & Bass Inc. purchased a new stake in shares of Ingersoll Rand during the fourth quarter valued at about $42,000. Millstone Evans Group LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $50,000. Finally, UMB Bank n.a. grew its position in shares of Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after buying an additional 127 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

NYSE:IR traded up $2.32 during trading hours on Thursday, reaching $75.69. The company had a trading volume of 884,631 shares, compared to its average volume of 2,774,922. The firm has a market cap of $30.51 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.40. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The business's 50 day moving average price is $78.89 and its 200-day moving average price is $90.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its 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 business had revenue of $1.90 billion for 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%. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a $0.02 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Ingersoll Rand's dividend payout ratio is currently 3.88%.

Analyst Ratings Changes

A number of equities research analysts recently commented on IR shares. Citigroup decreased their target price on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays lowered their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Evercore ISI lowered their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Finally, Robert W. Baird boosted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.36.

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.