Tredje AP fonden Cuts Holdings in Ingersoll Rand Inc. (NYSE:IR)

Tredje AP fonden reduced its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,810 shares of the industrial products company's stock after selling 34,810 shares during the quarter. Tredje AP fonden's holdings in Ingersoll Rand were worth $3,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand in the 3rd quarter worth about $34,000. OFI Invest Asset Management purchased a new position in shares of Ingersoll Rand during the fourth quarter worth approximately $38,000. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 127 shares during the period. Versant Capital Management Inc increased its position in shares of Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock worth $61,000 after acquiring an additional 589 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter worth approximately $99,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Down 1.7 %

IR traded down $1.40 during trading on Tuesday, hitting $81.57. The stock had a trading volume of 1,849,586 shares, compared to its average volume of 2,375,094. The company has a market capitalization of $32.88 billion, a PE ratio of 39.60, a PEG ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a twelve month low of $79.79 and a twelve month high of $106.03. 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 stock has a 50 day simple moving average of $88.13 and a two-hundred day simple moving average of $94.19.

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Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is 3.88%.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of research reports. Barclays reduced their target price on shares of Ingersoll Rand from $102.00 to $96.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Robert W. Baird raised their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Citigroup reduced their target price 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. Evercore ISI reduced their target price 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. Finally, Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Six equities 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.36.

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.