Voya Investment Management LLC Cuts Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Voya Investment Management LLC reduced its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,014,169 shares of the industrial products company's stock after selling 686,315 shares during the period. Voya Investment Management LLC owned about 0.50% of Ingersoll Rand worth $182,072,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Ingersoll Rand in the 4th quarter worth $36,000. OFI Invest Asset Management purchased a new position in shares of Ingersoll Rand in the fourth quarter worth about $38,000. Lee Danner & Bass Inc. bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at about $42,000. Millstone Evans Group LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $50,000. Finally, UMB Bank n.a. grew its position in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after acquiring an additional 127 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 0.1 %

Shares of IR stock traded up $0.05 during mid-day trading on Tuesday, reaching $74.85. 2,205,270 shares of the company's stock traded hands, compared to its average volume of 2,840,392. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The company has a market cap of $30.17 billion, a P/E ratio of 36.34, a P/E/G ratio of 3.50 and a beta of 1.40. The company's 50-day moving average price is $78.24 and its 200-day moving average price is $89.91. 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 announced 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IR. Evercore ISI dropped their price objective 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. Barclays decreased their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company cut their target price on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock 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 report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.36.

Ingersoll Rand 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.