Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,026,309 shares of the industrial products company's stock after selling 204,466 shares during the quarter. Pictet Asset Management Holding SA owned about 0.50% of Ingersoll Rand worth $183,300,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Ingersoll Rand Trading Up 0.8 %

Ingersoll Rand stock traded up $0.62 during trading on Monday, hitting $80.06. The company's stock had a trading volume of 2,928,004 shares, compared to its average volume of 2,454,216. The stock's fifty day moving average is $86.69 and its 200 day moving average is $93.73. 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 Inc. has a 1-year low of $77.28 and a 1-year high of $106.03. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's payout ratio is currently 3.88%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IR. Barclays decreased their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Evercore ISI lowered their price objective on shares of 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 shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.09.

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.