B. Metzler seel. Sohn & Co. AG Has $1.68 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

B. Metzler seel. Sohn & Co. AG cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,620 shares of the industrial products company’s stock after selling 4,659 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Ingersoll Rand were worth $1,684,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IR shares. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays lowered their price objective on Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus cut their target price 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. Finally, Evercore ISI lowered their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.09.

Ingersoll Rand Stock Up 1.4 %

Shares of NYSE IR opened at $81.75 on Thursday. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a 12-month low of $77.18 and a 12-month high of $106.03. The firm’s 50-day simple moving average is $85.93 and its 200 day simple moving average is $93.50.

Ingersoll Rand (NYSE:IR) last announced its 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

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.