Twin Capital Management Inc. Sells 220 Shares of Ingersoll Rand Inc. (NYSE:IR)

Twin Capital Management Inc. cut its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,016 shares of the industrial products company’s stock after selling 220 shares during the period. Twin Capital Management Inc.’s holdings in Ingersoll Rand were worth $543,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Horizon Investments LLC raised its stake in shares of Ingersoll Rand by 2.7% during the 2nd quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 152 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Ingersoll Rand by 17.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 173 shares during the period. Global Retirement Partners LLC raised its stake in shares of Ingersoll Rand by 11.9% during the 3rd quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 191 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of Ingersoll Rand by 4.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 193 shares during the period. Finally, Catalyst Financial Partners LLC raised its stake in shares of Ingersoll Rand by 3.3% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 194 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the transaction, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ingersoll Rand news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the transaction, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the transaction, the insider now directly owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock valued at $26,374,789 in the last quarter. 0.83% of the stock is currently owned by corporate insiders.

Ingersoll Rand Stock Down 0.6 %

IR stock opened at $88.40 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $35.66 billion, a PE ratio of 46.53, a PEG ratio of 3.10 and a beta of 1.44. Ingersoll Rand Inc. has a twelve month low of $53.24 and a twelve month high of $96.17. The stock has a 50-day simple moving average of $91.25 and a two-hundred day simple moving average of $78.68.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore ISI cut Ingersoll Rand from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $81.00 to $89.00 in a research note on Tuesday, February 20th. UBS Group lifted their target price on Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. StockNews.com upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Sunday, April 7th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Finally, Cfra boosted their price objective on Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.73.

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.