Ingersoll Rand Inc. (NYSE:IR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,278 shares of the industrial products company's stock after selling 24,746 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Ingersoll Rand were worth $12,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IR. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $25,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $27,000. Pacifica Partners Inc. bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $28,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $28,000. Finally, Lazard Asset Management LLC boosted its position in shares of Ingersoll Rand by 1,566.7% during the second quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 423 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI cut Ingersoll Rand from an "outperform" rating to an "in-line" rating and boosted their price target for the stock from $81.00 to $89.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on Ingersoll Rand from $87.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Stifel Nicolaus reiterated a "buy" rating and set a $102.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Barclays upped their price target on Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded Ingersoll Rand from a "hold" rating to a "buy" rating in a research report on Sunday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $89.67.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total transaction of $937,368.95. Following the transaction, the insider now directly owns 48,904 shares in the company, valued at approximately $4,398,914.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total transaction of $667,920.00. Following the transaction, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew R. Schiesl sold 10,421 shares of the firm'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 transaction, the insider now owns 48,904 shares in the company, valued at $4,398,914.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Trading Down 0.5 %

IR stock traded down $0.51 during midday trading on Tuesday, reaching $93.50. 2,240,697 shares of the company traded hands, compared to its average volume of 2,542,222. Ingersoll Rand Inc. has a 52-week low of $53.24 and a 52-week high of $96.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.22. The business has a 50 day moving average of $89.80 and a 200-day moving average of $77.15. The firm has a market capitalization of $37.72 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 3.30 and a beta of 1.44.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

About Ingersoll Rand

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.