Louisiana State Employees Retirement System Purchases New Shares in Ingersoll Rand Inc. (NYSE:IR)

Louisiana State Employees Retirement System bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,500 shares of the industrial products company's stock, valued at approximately $1,895,000.

Other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in Ingersoll Rand by 3.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 163,162 shares of the industrial products company's stock worth $12,691,000 after purchasing an additional 6,042 shares in the last quarter. Consilium Wealth Advisory LLC boosted its position in shares of Ingersoll Rand by 17.5% in the fourth quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company's stock valued at $1,150,000 after acquiring an additional 2,210 shares during the period. Natixis Advisors L.P. boosted its position in shares of Ingersoll Rand by 8.6% in the third quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company's stock valued at $8,706,000 after acquiring an additional 10,840 shares during the period. Hsbc Holdings PLC increased its holdings in Ingersoll Rand by 2.3% during the 3rd quarter. Hsbc Holdings PLC now owns 568,633 shares of the industrial products company's stock worth $36,222,000 after acquiring an additional 13,036 shares during the period. Finally, Strategic Advisors LLC purchased a new stake in Ingersoll Rand in the 4th quarter worth approximately $340,000. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IR. Cfra increased their price objective on Ingersoll Rand from $68.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday, February 16th. Stifel Nicolaus reiterated a "buy" rating and set a $102.00 price target on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 20th. UBS Group lifted their target price on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, January 29th. Finally, Evercore ISI lowered shares of Ingersoll Rand from an "outperform" rating to an "in-line" rating and increased their price target for the stock from $81.00 to $89.00 in a report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.73.

Insiders Place Their Bets

In other news, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 35,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the sale, the insider now directly owns 16,525 shares in the company, valued at $1,478,326.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew R. Schiesl sold 10,421 shares of the company's stock in a transaction that occurred 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 approximately $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 in the last quarter. Insiders own 0.83% of the company's stock.

Ingersoll Rand Trading Down 0.6 %

NYSE:IR traded down $0.57 during trading hours on Friday, reaching $88.40. The company's stock had a trading volume of 2,490,013 shares, compared to its average volume of 2,453,569. Ingersoll Rand Inc. has a 1 year low of $53.24 and a 1 year 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 firm has a 50-day simple moving average of $91.20 and a 200-day simple moving average of $78.51. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 3.12 and a beta of 1.44.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping 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 analysts' expectations of $1.76 billion. Research analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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