Corient Private Wealth LLC Sells 15,781 Shares of Ingersoll Rand Inc. (NYSE:IR)

Corient Private Wealth LLC trimmed its position in Ingersoll Rand Inc. (NYSE:IR) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 250,429 shares of the industrial products company’s stock after selling 15,781 shares during the quarter. Corient Private Wealth LLC’s holdings in Ingersoll Rand were worth $22,653,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in Ingersoll Rand by 4.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,039 shares of the industrial products company’s stock worth $999,000 after buying an additional 442 shares during the period. one8zero8 LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth $736,000. Natixis Advisors LLC raised its stake in Ingersoll Rand by 2.1% during the 4th quarter. Natixis Advisors LLC now owns 152,194 shares of the industrial products company’s stock worth $13,767,000 after buying an additional 3,090 shares during the period. LBP AM SA raised its stake in Ingersoll Rand by 1.6% during the 4th quarter. LBP AM SA now owns 170,096 shares of the industrial products company’s stock worth $15,387,000 after buying an additional 2,661 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Ingersoll Rand by 2.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,972 shares of the industrial products company’s stock worth $2,711,000 after buying an additional 602 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.57 on Wednesday. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 3.50 and a beta of 1.48. The business has a 50-day moving average of $87.98 and a 200-day moving average of $94.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a fifty-two week low of $79.79 and a fifty-two week high of $106.03.

Ingersoll Rand (NYSE:IR) last posted its quarterly 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared 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 currently 3.88%.

Analyst Ratings Changes

Several analysts recently commented on IR shares. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. 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 research note on Tuesday, February 18th. Stifel Nicolaus dropped their price target on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their price target on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Evercore ISI dropped their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.