Vontobel Holding Ltd. Sells 4,453 Shares of Ingersoll Rand Inc. (NYSE:IR)

Vontobel Holding Ltd. decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,887 shares of the industrial products company's stock after selling 4,453 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ingersoll Rand were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IR. Ashton Thomas Securities LLC purchased a new position in shares of Ingersoll Rand during the third quarter valued at approximately $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth $42,000. UMB Bank n.a. increased its position 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 valued at $54,000 after acquiring an additional 127 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Ingersoll Rand in the third quarter worth approximately $65,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded down $3.11 during mid-day trading on Friday, reaching $83.66. 2,647,871 shares of the company's stock traded hands, compared to its average volume of 2,521,872. The stock has a 50 day moving average of $91.15 and a two-hundred day moving average of $94.93. Ingersoll Rand Inc. has a 12-month low of $83.26 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.72 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.47 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities analysts forecast that Ingersoll Rand Inc. will post 3.31 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed 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. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Ingersoll Rand's payout ratio is currently 3.88%.

Wall Street Analyst Weigh In

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

Ingersoll Rand 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.