Symmetry Investments LP Sells 114,197 Shares of Ingersoll Rand Inc. (NYSE:IR)

Symmetry Investments LP lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 84.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,865 shares of the industrial products company’s stock after selling 114,197 shares during the period. Symmetry Investments LP’s holdings in Ingersoll Rand were worth $1,887,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IR. Murphy & Mullick Capital Management Corp bought a new stake in Ingersoll Rand during the fourth quarter worth about $36,000. OFI Invest Asset Management bought a new position in Ingersoll Rand during the 4th quarter worth $38,000. Lee Danner & Bass Inc. acquired a new stake in Ingersoll Rand in the 4th quarter worth about $42,000. Millstone Evans Group LLC bought a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $50,000. Finally, UMB Bank n.a. grew its holdings in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Evercore ISI decreased their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus cut their price objective on Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their target price on Ingersoll Rand from $109.00 to $88.00 and set a “buy” rating for the company in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus target price of $100.36.

Ingersoll Rand Trading Up 3.7 %

Shares of IR stock opened at $72.27 on Wednesday. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The company has a market cap of $29.13 billion, a P/E ratio of 35.08, a PEG ratio of 3.50 and a beta of 1.40. The stock has a 50 day simple moving average of $79.14 and a two-hundred day simple moving average of $90.66.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $1.90 billion during 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%. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.11%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

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.