Thrivent Financial for Lutherans Has $16.38 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Thrivent Financial for Lutherans lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,073 shares of the industrial products company's stock after acquiring an additional 8,656 shares during the period. Thrivent Financial for Lutherans' holdings in Ingersoll Rand were worth $16,380,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Ingersoll Rand by 7.8% in the third quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company's stock worth $630,000 after acquiring an additional 463 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Ingersoll Rand by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company's stock worth $3,216,000 after purchasing an additional 1,171 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $2,285,000. Advisors Asset Management Inc. boosted its position in Ingersoll Rand by 3.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,840 shares of the industrial products company's stock valued at $2,536,000 after purchasing an additional 950 shares during the period. Finally, Intech Investment Management LLC grew its stake in Ingersoll Rand by 28.2% during the 3rd quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company's stock worth $9,987,000 after buying an additional 22,401 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Evercore ISI cut 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 report on Wednesday, February 19th. Barclays decreased their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an "overweight" rating for the company in a research report on Wednesday. Robert W. Baird lifted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Citigroup reduced their price objective on Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Six equities 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $105.09.

Ingersoll Rand Price Performance

Shares of IR traded down $1.00 during midday trading on Wednesday, reaching $81.37. The stock had a trading volume of 1,782,018 shares, compared to its average volume of 2,378,791. 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 capitalization of $32.80 billion, a P/E ratio of 39.50, a P/E/G ratio of 3.50 and a beta of 1.48. The firm's 50 day moving average price is $87.30 and its 200-day moving average price is $93.89. Ingersoll Rand Inc. has a 52 week low of $79.79 and a 52 week high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share 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. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

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.