Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Shelton Capital Management

Shelton Capital Management boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,095 shares of the industrial products company’s stock after acquiring an additional 3,900 shares during the period. Shelton Capital Management’s holdings in Ingersoll Rand were worth $14,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IR. Verition Fund Management LLC increased its holdings in shares of Ingersoll Rand by 108.2% in the third quarter. Verition Fund Management LLC now owns 7,377 shares of the industrial products company’s stock valued at $724,000 after buying an additional 3,834 shares in the last quarter. Centiva Capital LP bought a new position in shares of Ingersoll Rand during the 3rd quarter worth about $328,000. HighTower Advisors LLC lifted its position in Ingersoll Rand by 171.8% in the third quarter. HighTower Advisors LLC now owns 82,128 shares of the industrial products company’s stock worth $8,059,000 after purchasing an additional 51,911 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Ingersoll Rand by 48.0% in the 3rd quarter. Quantinno Capital Management LP now owns 16,391 shares of the industrial products company’s stock worth $1,609,000 after buying an additional 5,317 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Ingersoll Rand by 21.1% during the third quarter. Stifel Financial Corp now owns 142,232 shares of the industrial products company’s stock worth $13,962,000 after purchasing an additional 24,792 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $67.76 on Tuesday. Ingersoll Rand Inc. has a 12 month low of $65.64 and a 12 month high of $106.03. The firm’s 50 day simple moving average is $84.56 and its 200-day simple moving average is $93.00. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 3.50 and a beta of 1.40. 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 (NYSE:IR) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IR shares. Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays reduced their price target on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their price target 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. Finally, Evercore ISI lowered their price objective on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Six research 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, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus target price of $105.09.

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.