First Horizon Advisors Inc. Cuts Position in Ingersoll Rand Inc. (NYSE:IR)

First Horizon Advisors Inc. decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 695 shares of the industrial products company’s stock after selling 1,755 shares during the quarter. First Horizon Advisors Inc.’s holdings in Ingersoll Rand were worth $63,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IR. Ashton Thomas Securities LLC purchased a new position in shares of Ingersoll Rand in the third quarter valued at $34,000. UMB Bank n.a. increased its position in shares of Ingersoll Rand by 27.0% in the fourth 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 in the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Ingersoll Rand in the third quarter valued at $65,000. Versant Capital Management Inc increased its position in shares of Ingersoll Rand by 654.4% in the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IR. Evercore ISI dropped their price target 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. 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 research report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Barclays decreased their price objective on Ingersoll Rand from $115.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.75.

Ingersoll Rand Stock Down 0.5 %

Shares of NYSE:IR opened at $82.96 on Friday. The stock’s 50-day moving average price is $90.17 and its two-hundred day moving average price is $94.77. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 12-month low of $81.71 and a 12-month high of $106.03. The firm has a market cap of $33.44 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 3.50 and a beta of 1.43.

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

Ingersoll Rand Dividend Announcement

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