One Way Holdings LLC Sells 18,272 Shares of Ingersoll Rand Inc. $IR

One Way Holdings LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 243,840 shares of the industrial products company’s stock after selling 18,272 shares during the quarter. One Way Holdings LLC’s holdings in Ingersoll Rand were worth $18,315,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in Ingersoll Rand in the second quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in Ingersoll Rand during the second quarter worth about $27,000. Axiom Investment Management LLC bought a new position in Ingersoll Rand in the 1st quarter valued at about $37,000. MidFirst Bank acquired a new position in Ingersoll Rand during the second quarter valued at approximately $41,000. Finally, Transamerica Financial Advisors LLC bought a new position in Ingersoll Rand in the second quarter valued at about $42,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of IR opened at $80.06 on Monday. The business has a 50-day moving average of $76.31 and a 200-day moving average of $81.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 1.24. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.32 and a beta of 1.15.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, October 29th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.17. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.05 billion. Ingersoll Rand had a net margin of 17.20% and a return on equity of 13.47%. Ingersoll Rand’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.41 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 2.25%.

Wall Street Analyst Weigh In

IR has been the topic of several research reports. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Citigroup reissued a “buy” rating on shares of Ingersoll Rand in a research note on Monday, October 12th. Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, October 19th. Finally, Stifel Nicolaus set a $95.00 price target on shares of Ingersoll Rand in a report on Monday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.00.

About Ingersoll Rand

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.