New York State Common Retirement Fund Sells 32,126 Shares of Ingersoll Rand Inc. (NYSE:IR)

New York State Common Retirement Fund decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 538,855 shares of the industrial products company’s stock after selling 32,126 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Ingersoll Rand worth $41,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd bought a new position in shares of Ingersoll Rand during the 4th quarter worth $27,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand during the 3rd quarter worth about $25,000. Quintet Private Bank Europe S.A. purchased a new stake in Ingersoll Rand during the 3rd quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Ingersoll Rand during the 3rd quarter worth about $32,000. Finally, Clearstead Advisors LLC lifted its holdings in Ingersoll Rand by 348.2% during the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $92.50 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand Inc. has a one year low of $53.24 and a one year high of $96.17. The stock has a market capitalization of $37.32 billion, a P/E ratio of 48.68, a price-to-earnings-growth ratio of 3.16 and a beta of 1.44. The business’s 50 day simple moving average is $91.54 and its two-hundred day simple moving average is $79.36.

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

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling

In related news, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total value of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at $854,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares in the company, valued at $4,398,914.80. The disclosure for this sale can be found here. Insiders have sold a total of 293,011 shares of company stock valued at $26,374,789 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IR shares. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Citigroup lifted their price target on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Sunday, April 7th. Barclays lifted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Cfra boosted their target price on Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock 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.