National Pension Service Sells 25,425 Shares of Ingersoll Rand Inc. (NYSE:IR)

National Pension Service reduced its stake in Ingersoll Rand Inc. (NYSE:IR) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 510,458 shares of the industrial products company’s stock after selling 25,425 shares during the quarter. National Pension Service’s holdings in Ingersoll Rand were worth $46,176,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in Ingersoll Rand by 4.6% in the 3rd quarter. Private Advisor Group LLC now owns 7,501 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 327 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Ingersoll Rand by 13.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 14,964 shares of the industrial products company’s stock valued at $1,469,000 after acquiring an additional 1,732 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Ingersoll Rand by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 107,908 shares of the industrial products company’s stock valued at $10,592,000 after acquiring an additional 1,020 shares in the last quarter. Integrated Advisors Network LLC lifted its position in Ingersoll Rand by 13.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 14,958 shares of the industrial products company’s stock valued at $1,468,000 after acquiring an additional 1,717 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Ingersoll Rand by 17.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,321 shares of the industrial products company’s stock valued at $915,000 after acquiring an additional 1,359 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IR shares. Citigroup lowered their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays lowered their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird lifted their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group raised their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.75.

Ingersoll Rand Stock Performance

IR opened at $82.96 on Friday. 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 company has a market cap of $33.44 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 3.50 and a beta of 1.43. The company’s 50 day moving average is $90.17 and its 200 day moving average is $94.77. Ingersoll Rand Inc. has a 12-month low of $81.71 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last released 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid 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 3.88%.

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.