Intech Investment Management LLC Decreases Holdings in Ingersoll Rand Inc. (NYSE:IR)

Intech Investment Management LLC lessened its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 78.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,216 shares of the industrial products company's stock after selling 79,529 shares during the quarter. Intech Investment Management LLC's holdings in Ingersoll Rand were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock valued at $218,000 after buying an additional 109 shares during the period. UMB Bank n.a. grew its position in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 127 shares during the period. RDA Financial Network increased its stake in shares of Ingersoll Rand by 3.1% during the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after purchasing an additional 128 shares during the last quarter. FSM Wealth Advisors LLC raised its holdings in shares of Ingersoll Rand by 5.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after purchasing an additional 134 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 136 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

IR has been the subject of a number of recent research reports. Barclays decreased their target price on Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Evercore ISI reduced their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average price target of $105.36.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded up $0.15 during midday trading on Tuesday, hitting $82.38. 1,983,969 shares of the company's stock were exchanged, compared to its average volume of 2,383,405. The stock has a 50-day moving average price of $87.45 and a two-hundred day moving average price of $93.92. Ingersoll Rand Inc. has a 52-week low of $79.79 and a 52-week high of $106.03. The company has a market cap of $33.21 billion, a P/E ratio of 39.99, a PEG ratio of 3.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.

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.