Ingersoll Rand Inc. (NYSE:IR) Position Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 99.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,758 shares of the industrial products company's stock after selling 356,591 shares during the period. International Assets Investment Management LLC's holdings in Ingersoll Rand were worth $340,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised 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 acquiring an additional 1,462,538 shares in the last quarter. FMR LLC increased its holdings in shares of Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. State Street Corp lifted its stake in shares of Ingersoll Rand by 0.7% in the third quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock valued at $1,548,661,000 after purchasing an additional 112,824 shares during the period. Franklin Resources Inc. grew its position in Ingersoll Rand by 2.5% during 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 buying an additional 278,710 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Ingersoll Rand by 0.6% in the third quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company's stock valued at $923,087,000 after buying an additional 54,952 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus downgraded Ingersoll Rand from a "buy" rating to a "hold" rating and lowered their price objective for the company from $112.00 to $107.00 in a research report on Monday, November 18th. The Goldman Sachs Group increased their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Citigroup lifted their price target on Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.83.

Ingersoll Rand Stock Down 2.4 %

Shares of NYSE:IR traded down $2.15 during midday trading on Friday, hitting $87.08. 2,452,158 shares of the company's stock traded hands, compared to its average volume of 2,540,391. The firm's fifty day moving average price is $98.36 and its two-hundred day moving average price is $95.78. The company has a market cap of $35.09 billion, a PE ratio of 42.48, a P/E/G ratio of 3.84 and a beta of 1.44. Ingersoll Rand Inc. has a twelve month low of $75.54 and a twelve month high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Thursday, November 14th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.90%.

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 2,531 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

About Ingersoll Rand

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.