Angeles Investment Advisors LLC Sells 305 Shares of Ingersoll Rand Inc. (NYSE:IR)

Angeles Investment Advisors LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,711 shares of the industrial products company’s stock after selling 305 shares during the period. Angeles Investment Advisors LLC’s holdings in Ingersoll Rand were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company’s stock worth $4,132,576,000 after acquiring an additional 446,591 shares during the period. LPL Financial LLC increased its position in Ingersoll Rand by 204.0% during the fourth quarter. LPL Financial LLC now owns 706,886 shares of the industrial products company’s stock worth $63,945,000 after acquiring an additional 474,331 shares during the period. Fox Run Management L.L.C. bought a new position in Ingersoll Rand during the fourth quarter worth about $1,221,000. KLP Kapitalforvaltning AS bought a new position in Ingersoll Rand during the fourth quarter worth about $11,986,000. Finally, AXQ Capital LP bought a new position in Ingersoll Rand during the fourth quarter worth about $288,000. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IR. Stifel Nicolaus lowered their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Barclays decreased their target price on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird raised their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, Evercore ISI decreased their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a 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 stock. According to MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $105.36.

Ingersoll Rand Stock Down 0.8 %

Ingersoll Rand stock opened at $81.00 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand Inc. has a 52-week low of $79.79 and a 52-week high of $106.03. The firm has a 50 day moving average price of $87.56 and a two-hundred day moving average price of $93.96. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio is currently 3.88%.

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.