Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,509 shares of the industrial products company's stock after selling 7,319 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ingersoll Rand were worth $2,946,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. MGO One Seven LLC grew its stake in Ingersoll Rand by 18.1% during the 4th quarter. MGO One Seven LLC now owns 3,426 shares of the industrial products company's stock valued at $310,000 after acquiring an additional 524 shares in the last quarter. Dark Forest Capital Management LP grew its position in shares of Ingersoll Rand by 19.0% in the fourth quarter. Dark Forest Capital Management LP now owns 7,404 shares of the industrial products company's stock valued at $670,000 after purchasing an additional 1,183 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $2,400,000. Stifel Financial Corp lifted its position in Ingersoll Rand by 3.4% during the fourth quarter. Stifel Financial Corp now owns 147,062 shares of the industrial products company's stock worth $13,303,000 after buying an additional 4,830 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Ingersoll Rand by 8.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 7,910 shares of the industrial products company's stock worth $716,000 after buying an additional 592 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Up 0.7 %

NYSE IR traded up $0.53 during trading hours on Wednesday, hitting $75.39. 4,848,416 shares of the company were exchanged, compared to its average volume of 2,602,572. The company has a 50 day moving average of $78.00 and a two-hundred day moving average of $89.80. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The firm has a market cap of $30.39 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 3.50 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI cut their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price target 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. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their price target on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup reduced their price objective on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.36.

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.