GHP Investment Advisors Inc. Trims Position in Ingersoll Rand Inc. (NYSE:IR)

GHP Investment Advisors Inc. cut its position in Ingersoll Rand Inc. (NYSE:IR) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,068 shares of the industrial products company’s stock after selling 144 shares during the period. GHP Investment Advisors Inc.’s holdings in Ingersoll Rand were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Ingersoll Rand by 12.0% during the first quarter. American Century Companies Inc. now owns 15,601 shares of the industrial products company’s stock valued at $786,000 after acquiring an additional 1,675 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Ingersoll Rand by 47.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,880 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 3,185 shares in the last quarter. Private Advisor Group LLC purchased a new position in Ingersoll Rand during the first quarter valued at $327,000. Panagora Asset Management Inc. grew its stake in Ingersoll Rand by 62.2% during the first quarter. Panagora Asset Management Inc. now owns 28,937 shares of the industrial products company’s stock valued at $1,457,000 after acquiring an additional 11,096 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Ingersoll Rand by 1.7% during the first quarter. Yousif Capital Management LLC now owns 57,771 shares of the industrial products company’s stock valued at $2,909,000 after acquiring an additional 988 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $91.92 on Friday. The firm has a 50-day moving average price of $90.70 and a 200-day moving average price of $77.77. The firm has a market capitalization of $37.08 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 3.25 and a beta of 1.44. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Ingersoll Rand Inc. has a 12-month low of $53.24 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s payout ratio is 4.21%.

Analyst Ratings Changes

Several equities analysts recently weighed in on IR shares. Cfra raised their target price on shares of Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 16th. UBS Group increased their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. StockNews.com upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Sunday, April 7th. The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays increased their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.73.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the sale, the chief accounting officer now owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the sale, the insider now owns 91,957 shares in the company, valued at approximately $8,290,843.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction 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 in the last 90 days. 0.83% of the stock is owned by corporate insiders.

Ingersoll Rand Company 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.