Symmetry Investments LP Decreases Holdings in Ingersoll Rand Inc. (NYSE:IR)

Symmetry Investments LP decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,865 shares of the industrial products company's stock after selling 114,197 shares during the quarter. Symmetry Investments LP's holdings in Ingersoll Rand were worth $1,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in shares of Ingersoll Rand by 4.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock worth $218,000 after purchasing an additional 109 shares during the period. UMB Bank n.a. grew its position in shares of Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after buying an additional 127 shares during the last quarter. RDA Financial Network increased its stake in shares of Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock valued at $391,000 after buying an additional 128 shares during the period. FSM Wealth Advisors LLC raised its position in shares of Ingersoll Rand by 5.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock worth $222,000 after acquiring an additional 134 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after acquiring an additional 136 shares during the period. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Down 1.0 %

IR stock traded down $0.72 during midday trading on Monday, reaching $74.26. 1,654,088 shares of the company's stock traded hands, compared to its average volume of 2,554,445. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.50 and a beta of 1.40. The firm's fifty day moving average price is $78.46 and its 200-day moving average price is $90.09. 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 (NYSE:IR - Get Free Report) last posted its earnings results 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on IR. Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Evercore ISI decreased their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus dropped their price objective 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 decreased their target price on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.