Corient Private Wealth LLC Sells 15,781 Shares of Ingersoll Rand Inc. (NYSE:IR)

Corient Private Wealth LLC lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,429 shares of the industrial products company's stock after selling 15,781 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of Ingersoll Rand worth $22,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Ingersoll Rand by 10.5% in the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after purchasing an additional 1,538,056 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after purchasing an additional 1,462,538 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Ingersoll Rand in the fourth quarter worth $45,004,000. Amundi increased its position in Ingersoll Rand by 17.0% in the fourth quarter. Amundi now owns 2,162,728 shares of the industrial products company's stock worth $192,980,000 after purchasing an additional 313,674 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock worth $1,207,554,000 after purchasing an additional 278,710 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

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Ingersoll Rand Trading Down 0.8 %

IR stock traded down $0.67 during trading on Friday, hitting $81.00. The company had a trading volume of 2,946,273 shares, compared to its average volume of 2,377,422. The firm has a market capitalization of $32.65 billion, a P/E ratio of 39.32, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 52-week low of $79.79 and a 52-week high of $106.03. The company has a 50 day simple moving average of $87.56 and a 200-day simple moving average of $93.87. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. As a group, research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IR. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Robert W. Baird boosted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut 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. Citigroup cut their target price on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Barclays cut their price objective on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of "Moderate Buy" and an average target price of $105.36.

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.