Frank Rimerman Advisors LLC Reduces Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Frank Rimerman Advisors LLC reduced its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,655 shares of the industrial products company's stock after selling 15,554 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Ingersoll Rand were worth $421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $38,000. UMB Bank n.a. lifted its stake 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 valued at $54,000 after purchasing an additional 127 shares during the period. Versant Capital Management Inc lifted its stake in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 589 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at about $99,000. Finally, WASHINGTON TRUST Co lifted its stake in shares of Ingersoll Rand by 18.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 177 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IR. Barclays dropped their price objective on Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock 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 note on Tuesday, February 18th. Evercore ISI dropped their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, Robert W. Baird upped 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 company. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average target price of $105.36.

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Ingersoll Rand Stock Performance

Shares of IR stock traded down $0.50 during trading on Thursday, hitting $81.63. The company's stock had a trading volume of 1,473,127 shares, compared to its average volume of 2,377,354. The company has a market cap of $32.90 billion, a PE ratio of 39.63, a P/E/G ratio of 3.50 and a beta of 1.48. 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 business has a fifty day moving average of $87.83 and a 200-day moving average of $94.03. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03.

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 (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is 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.