Consilium Wealth Advisory LLC Sells 3,941 Shares of Ingersoll Rand Inc. (NYSE:IR)

Consilium Wealth Advisory LLC lowered its position in Ingersoll Rand Inc. (NYSE:IR) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,125 shares of the industrial products company’s stock after selling 3,941 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Ingersoll Rand were worth $1,278,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $131,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Ingersoll Rand by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 157,800 shares of the industrial products company’s stock worth $14,275,000 after buying an additional 2,600 shares during the period. Checchi Capital Advisers LLC lifted its position in shares of Ingersoll Rand by 27.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,110 shares of the industrial products company’s stock worth $281,000 after buying an additional 672 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Ingersoll Rand by 6.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,273 shares of the industrial products company’s stock worth $206,000 after buying an additional 141 shares during the period. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of Ingersoll Rand by 6.1% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,230 shares of the industrial products company’s stock worth $292,000 after buying an additional 187 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IR shares. Evercore ISI cut their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Barclays dropped their price target on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group raised their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus dropped their price target on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.75.

Ingersoll Rand Stock Down 0.1 %

NYSE IR opened at $83.28 on Thursday. The stock has a fifty day moving average of $90.33 and a 200-day moving average of $94.85. The stock has a market capitalization of $33.57 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. Ingersoll Rand Inc. has a 52 week low of $81.71 and a 52 week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand’s dividend payout ratio is presently 3.88%.

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.