Shelton Capital Management Purchases 3,900 Shares of Ingersoll Rand Inc. (NYSE:IR)

Shelton Capital Management boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,095 shares of the industrial products company's stock after acquiring an additional 3,900 shares during the quarter. Shelton Capital Management's holdings in Ingersoll Rand were worth $14,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Verition Fund Management LLC boosted its stake in shares of Ingersoll Rand by 108.2% during the 3rd quarter. Verition Fund Management LLC now owns 7,377 shares of the industrial products company's stock worth $724,000 after acquiring an additional 3,834 shares in the last quarter. Centiva Capital LP bought a new position in shares of Ingersoll Rand in the third quarter valued at approximately $328,000. HighTower Advisors LLC boosted its holdings in shares of Ingersoll Rand by 171.8% during the 3rd quarter. HighTower Advisors LLC now owns 82,128 shares of the industrial products company's stock worth $8,059,000 after buying an additional 51,911 shares during the period. Quantinno Capital Management LP grew its position in shares of Ingersoll Rand by 48.0% in the third quarter. Quantinno Capital Management LP now owns 16,391 shares of the industrial products company's stock valued at $1,609,000 after purchasing an additional 5,317 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Ingersoll Rand by 21.1% in the 3rd quarter. Stifel Financial Corp now owns 142,232 shares of the industrial products company's stock valued at $13,962,000 after buying an additional 24,792 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have issued reports on IR shares. Citigroup decreased their price target 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. Stifel Nicolaus reduced their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Barclays dropped their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Evercore ISI lowered their target price on 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.36.

Ingersoll Rand Trading Up 3.1 %

Ingersoll Rand stock traded up $2.17 during trading hours on Friday, reaching $73.11. 4,559,418 shares of the company's stock traded hands, compared to its average volume of 2,560,311. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The firm's 50 day moving average is $81.94 and its 200-day moving average is $91.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced 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). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.

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.