Kintegral Advisory LLC Lowers Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Kintegral Advisory LLC trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,472 shares of the industrial products company’s stock after selling 395 shares during the period. Kintegral Advisory LLC’s holdings in Ingersoll Rand were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of IR. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the third quarter valued at $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand during the third quarter worth about $42,000. UMB Bank n.a. increased its position in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares during the period. Versant Capital Management Inc raised its stake in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 589 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand during the 3rd quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $83.66 on Friday. The firm has a 50 day moving average of $91.15 and a 200-day moving average of $94.98. The company has a market cap of $33.72 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.50 and a beta of 1.43. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 12-month low of $83.26 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm 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%. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a $0.02 dividend. 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 payout ratio is 3.88%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IR. Robert W. Baird boosted their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays dropped their price objective on shares of Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their target price 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. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $104.75.

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.