Sumitomo Mitsui Trust Holdings Inc. Has $82.71 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,069,452 shares of the industrial products company’s stock after selling 13,401 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ingersoll Rand were worth $82,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IR. Asset Management One Co. Ltd. boosted its position in shares of 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 acquiring an additional 6,042 shares in the last quarter. Consilium Wealth Advisory LLC boosted its position in shares of Ingersoll Rand by 17.5% during the 4th quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 2,210 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of Ingersoll Rand by 8.6% during the 3rd quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company’s stock worth $8,706,000 after acquiring an additional 10,840 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of 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 in the last quarter. Finally, Strategic Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $340,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $89.57 on Thursday. The company has a fifty day moving average price of $91.12 and a 200-day moving average price of $78.43. The company has a market capitalization of $36.14 billion, a P/E ratio of 47.14, a PEG ratio of 3.18 and a beta of 1.44. 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.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.21%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the sale, the insider now directly owns 91,957 shares in the company, valued at $8,290,843.12. The transaction was disclosed in a filing 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 shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the completion of the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the sale, the insider now owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The disclosure for this sale can be found here. Insiders sold a total of 293,011 shares of company stock worth $26,374,789 over the last three months. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IR shares. UBS Group increased their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Cfra increased their price objective on shares of Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company increased their price objective on shares of Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.73.

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.