John G Ullman & Associates Inc. Trims Stock Position in Ingersoll Rand Inc. (NYSE:IR)

John G Ullman & Associates Inc. lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,142 shares of the industrial products company’s stock after selling 164 shares during the period. John G Ullman & Associates Inc.’s holdings in Ingersoll Rand were worth $862,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC grew its stake in Ingersoll Rand by 2.7% in the 2nd quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after buying an additional 152 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Ingersoll Rand by 17.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after buying an additional 173 shares in the last quarter. Global Retirement Partners LLC grew its stake in Ingersoll Rand by 11.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock worth $114,000 after buying an additional 191 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Ingersoll Rand by 4.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock worth $335,000 after buying an additional 193 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in Ingersoll Rand by 3.3% in the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock worth $384,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on IR shares. BNP Paribas initiated coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price target for the company. Evercore ISI lowered shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $81.00 to $89.00 in a report on Tuesday, February 20th. Stifel Nicolaus restated a “buy” rating and issued a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday, March 26th. UBS Group boosted their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Barclays boosted their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.73.

Ingersoll Rand Stock Down 0.6 %

NYSE:IR opened at $88.40 on Friday. The firm’s 50-day moving average price is $91.25 and its 200-day moving average price is $78.68. The company has a market capitalization of $35.66 billion, a PE ratio of 46.53, a P/E/G ratio of 3.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand Inc. has a 1-year low of $53.24 and a 1-year high of $96.17.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio is currently 4.21%.

Insider Transactions at Ingersoll Rand

In other news, insider Andrew R. Schiesl sold 35,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the transaction, the insider now owns 16,525 shares in the company, valued at $1,478,326.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares in the company, valued at $1,478,326.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 7,590 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the sale, the chief accounting officer now owns 9,715 shares of the company’s stock, valued at approximately $854,920. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock worth $26,374,789 over the last quarter. 0.83% of the stock is currently owned by insiders.

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.