Voya Investment Management LLC Reduces Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Voya Investment Management LLC reduced its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,014,169 shares of the industrial products company's stock after selling 686,315 shares during the quarter. Voya Investment Management LLC owned 0.50% of Ingersoll Rand worth $182,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its position in shares of Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after buying an additional 109 shares during the period. UMB Bank n.a. boosted its holdings 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. RDA Financial Network grew its position in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock valued at $391,000 after acquiring an additional 128 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in Ingersoll Rand by 5.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after purchasing an additional 134 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

IR traded down $0.17 during trading on Monday, hitting $74.81. 7,044,241 shares of the stock were exchanged, compared to its average volume of 2,575,565. The firm has a market capitalization of $30.15 billion, a P/E ratio of 36.32, a PEG ratio of 3.50 and a beta of 1.40. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The stock has a fifty day moving average price of $78.46 and a two-hundred day moving average price of $90.09. 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 (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). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Evercore ISI cut their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their price objective on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.