Oregon Public Employees Retirement Fund Lowers Stake in Ingersoll Rand Inc. (NYSE:IR)

Oregon Public Employees Retirement Fund lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IRGet Rating) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 30,819 shares of the industrial products company’s stock after selling 956 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ingersoll Rand were worth $1,333,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Ingersoll Rand by 9.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 75,163,087 shares of the industrial products company’s stock worth $3,162,863,000 after buying an additional 6,357,468 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ingersoll Rand by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 44,054,298 shares of the industrial products company’s stock worth $2,218,134,000 after buying an additional 823,749 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ingersoll Rand by 4.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,368,731 shares of the industrial products company’s stock worth $646,717,000 after buying an additional 617,485 shares in the last quarter. Northern Trust Corp lifted its holdings in Ingersoll Rand by 0.8% during the 2nd quarter. Northern Trust Corp now owns 4,059,275 shares of the industrial products company’s stock worth $170,814,000 after buying an additional 30,424 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its holdings in Ingersoll Rand by 3.4% during the 2nd quarter. Turtle Creek Asset Management Inc. now owns 3,341,256 shares of the industrial products company’s stock worth $140,600,000 after buying an additional 110,300 shares in the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.

Ingersoll Rand Trading Up 2.7 %

Shares of Ingersoll Rand stock opened at $55.35 on Monday. Ingersoll Rand Inc. has a 1 year low of $39.28 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 2.46. The company has a market capitalization of $22.41 billion, a P/E ratio of 33.34 and a beta of 1.43. The company’s fifty day moving average is $53.93 and its two-hundred day moving average is $49.93.

Ingersoll Rand (NYSE:IRGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Ingersoll Rand had a net margin of 11.91% and a return on equity of 9.81%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.45 billion. Analysts forecast that Ingersoll Rand Inc. will post 2.12 earnings per share for the current year.

Ingersoll Rand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Wednesday, November 16th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, November 15th. Ingersoll Rand’s payout ratio is currently 4.82%.

Insider Activity

In other news, insider Andrew R. Schiesl sold 10,000 shares of Ingersoll Rand stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $52.00, for a total value of $520,000.00. Following the sale, the insider now owns 70,928 shares of the company’s stock, valued at $3,688,256. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Michael J. Scheske sold 1,742 shares of Ingersoll Rand stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $57.00, for a total value of $99,294.00. Following the sale, the chief accounting officer now owns 7,112 shares of the company’s stock, valued at $405,384. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew R. Schiesl sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the sale, the insider now owns 70,928 shares of the company’s stock, valued at approximately $3,688,256. The disclosure for this sale can be found here. Insiders have sold a total of 24,378 shares of company stock valued at $1,289,969 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Ingersoll Rand from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday. Citigroup raised their price objective on shares of Ingersoll Rand from $57.00 to $62.00 and gave the company a “buy” rating in a report on Friday, December 9th. Barclays raised their price objective on shares of Ingersoll Rand from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, January 5th. StockNews.com assumed coverage on shares of Ingersoll Rand in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised their price objective on shares of Ingersoll Rand from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

About Ingersoll Rand

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Ingersoll Rand, Inc provides a broad range of mission critical air, fluid, energy, specialty vehicle and medical technologies, providing services and solutions to increase industrial productivity and efficiency. It operates through the following segments: Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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