Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 56.1% in the fourth quarter, Holdings Channel reports. The firm owned 97,417 shares of the industrial products company’s stock after selling 124,502 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ingersoll Rand were worth $8,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Chicago Partners Investment Group LLC lifted its stake in shares of Ingersoll Rand by 4.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 109 shares during the period. UMB Bank n.a. increased its position 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 worth $54,000 after purchasing an additional 127 shares during the period. RDA Financial Network lifted its holdings in shares of 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 buying an additional 128 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of Ingersoll Rand by 5.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $222,000 after buying an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Ingersoll Rand by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 136 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 3.2 %

Shares of NYSE:IR opened at $69.77 on Tuesday. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The stock’s 50-day moving average price is $79.55 and its two-hundred day moving average price is $90.79. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (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 company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, research analysts forecast 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 given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Wall Street Analyst Weigh In

IR has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating for the company in a report on Monday, April 14th. Wells Fargo & Company reduced 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 note on Tuesday, January 7th. Barclays lowered their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Evercore ISI decreased 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. Finally, Citigroup dropped their price objective on Ingersoll Rand from $109.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Six equities 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

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.