Rhumbline Advisers Has $63.43 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Rhumbline Advisers reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 701,137 shares of the industrial products company's stock after selling 10,653 shares during the quarter. Rhumbline Advisers owned about 0.17% of Ingersoll Rand worth $63,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter worth $34,000. Eastern Bank bought a new position in Ingersoll Rand during the third quarter worth about $42,000. UMB Bank n.a. boosted its holdings in Ingersoll Rand by 27.0% during the fourth 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 acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth about $65,000. Finally, Versant Capital Management Inc increased its stake 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 valued at $61,000 after acquiring an additional 589 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 1.1 %

Ingersoll Rand stock traded up $0.95 during midday trading on Thursday, reaching $86.64. The stock had a trading volume of 3,180,045 shares, compared to its average volume of 2,518,056. The stock has a market capitalization of $34.92 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 3.45 and a beta of 1.43. The firm's fifty day simple moving average is $91.79 and its 200-day simple moving average is $95.01. 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 $83.72 and a 1-year high of $106.03.

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 (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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, analysts expect that Ingersoll Rand Inc. will post 3.3 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm 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 dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand's dividend payout ratio is 3.88%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 13th. Evercore ISI decreased their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday. Stifel Nicolaus dropped their price objective on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a "buy" rating and a $124.00 target price on the stock. Finally, Barclays lowered their price target on Ingersoll Rand from $115.00 to $102.00 and set an "overweight" rating for the company in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.75.

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.