Teachers Retirement System of The State of Kentucky Sells 124,502 Shares of Ingersoll Rand Inc. (NYSE:IR)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,417 shares of the industrial products company's stock after selling 124,502 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Ingersoll Rand were worth $8,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IR. Murphy & Mullick Capital Management Corp bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of Ingersoll Rand during the fourth quarter valued at $38,000. Lee Danner & Bass Inc. bought a new stake in Ingersoll Rand in the 4th quarter worth about $42,000. Millstone Evans Group LLC purchased a new position in Ingersoll Rand in the 4th quarter worth about $50,000. Finally, UMB Bank n.a. lifted its stake in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 127 shares during the period. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Up 3.2 %

Shares of IR stock traded up $2.37 on Thursday, hitting $75.74. The stock had a trading volume of 1,801,968 shares, compared to its average volume of 2,551,940. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The business has a 50 day moving average price of $78.69 and a 200 day moving average price of $90.38. The company has a market cap of $30.53 billion, a PE ratio of 36.77, a P/E/G ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released 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 for 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%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Ingersoll Rand's payout ratio is 3.88%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IR. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Barclays cut their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Citigroup lowered their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird upped their target price 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.36.

About Ingersoll Rand

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.