Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Ingersoll Rand Inc. (NYSE:IR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,692 shares of the industrial products company’s stock after selling 2,143 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ingersoll Rand were worth $7,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IR. Magnetar Financial LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $4,788,000. Teacher Retirement System of Texas grew its stake in Ingersoll Rand by 39.8% during the 4th quarter. Teacher Retirement System of Texas now owns 3,777 shares of the industrial products company’s stock valued at $342,000 after acquiring an additional 1,075 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in Ingersoll Rand by 3.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 257,223 shares of the industrial products company’s stock valued at $23,268,000 after acquiring an additional 7,502 shares in the last quarter. Xponance Inc. grew its stake in Ingersoll Rand by 1.7% during the 4th quarter. Xponance Inc. now owns 69,094 shares of the industrial products company’s stock valued at $6,250,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $1,484,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $81.00 on Friday. The firm has a market cap of $32.65 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 52-week low of $79.79 and a 52-week high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $87.56 and its two-hundred day moving average is $93.87.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on IR. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company dropped 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 note on Tuesday, January 7th. Barclays dropped their price target on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.36.

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.