Marks Group Wealth Management Inc Sells 3,730 Shares of Ingersoll Rand Inc. (NYSE:IR)

Marks Group Wealth Management Inc decreased its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,068 shares of the industrial products company's stock after selling 3,730 shares during the quarter. Marks Group Wealth Management Inc's holdings in Ingersoll Rand were worth $8,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IR. Ashton Thomas Securities LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth about $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth about $42,000. UMB Bank n.a. boosted its holdings 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. Princeton Global Asset Management LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth about $65,000. Finally, Versant Capital Management Inc boosted its holdings 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 worth $61,000 after buying an additional 589 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock traded down $6.76 on Friday, reaching $85.79. The stock had a trading volume of 7,441,849 shares, compared to its average volume of 2,111,534. Ingersoll Rand Inc. has a 1 year low of $83.72 and a 1 year high of $106.03. The company has a market cap of $34.58 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The business's 50 day moving average is $92.75 and its two-hundred day moving average is $95.18.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 13.01% and a net margin of 11.72%. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.2 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is 3.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IR shares. Robert W. Baird dropped their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company dropped 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. Citigroup dropped their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group upped their price objective 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. Finally, UBS Group started coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a "buy" rating and a $124.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.92.

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.