New York State Teachers Retirement System Sells 3,380 Shares of Ingersoll Rand Inc. (NYSE:IR)

New York State Teachers Retirement System decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,595 shares of the industrial products company's stock after selling 3,380 shares during the period. New York State Teachers Retirement System owned 0.09% of Ingersoll Rand worth $30,991,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Banque Pictet & Cie SA lifted its holdings in Ingersoll Rand by 23.4% in the 4th quarter. Banque Pictet & Cie SA now owns 12,400 shares of the industrial products company's stock valued at $1,122,000 after acquiring an additional 2,350 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Ingersoll Rand by 2.9% during the fourth quarter. V Square Quantitative Management LLC now owns 10,027 shares of the industrial products company's stock worth $907,000 after purchasing an additional 287 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Ingersoll Rand by 25.8% during the fourth quarter. Essex Financial Services Inc. now owns 2,688 shares of the industrial products company's stock valued at $243,000 after purchasing an additional 552 shares during the last quarter. Regents Gate Capital LLP acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at $10,171,000. Finally, Opal Wealth Advisors LLC raised its holdings in Ingersoll Rand by 8.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,335 shares of the industrial products company's stock worth $211,000 after buying an additional 190 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.1 %

NYSE:IR traded down $0.99 during trading hours on Wednesday, reaching $85.76. The company's stock had a trading volume of 2,217,555 shares, compared to its average volume of 2,497,257. Ingersoll Rand Inc. has a one year low of $83.72 and a one year high of $106.03. The business's 50-day moving average is $92.11 and its 200-day moving average is $95.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. The company has a market cap of $34.56 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 3.40 and a beta of 1.43.

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 analysts' consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts predict that Ingersoll Rand Inc. will post 3.3 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

Wall Street Analysts Forecast Growth

IR has been the topic of several analyst reports. UBS Group assumed coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a "buy" rating and a $124.00 target price on the stock. Citigroup lowered their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company decreased their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus dropped their target price on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.75.

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.