Shelton Capital Management Has $14.39 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Shelton Capital Management lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,095 shares of the industrial products company’s stock after buying an additional 3,900 shares during the period. Shelton Capital Management’s holdings in Ingersoll Rand were worth $14,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IR. Invesco Ltd. boosted its position in shares of Ingersoll Rand by 2.9% in the fourth quarter. Invesco Ltd. now owns 3,125,280 shares of the industrial products company’s stock valued at $282,713,000 after acquiring an additional 87,145 shares during the period. Bank of Montreal Can lifted its position in Ingersoll Rand by 1.6% during the fourth quarter. Bank of Montreal Can now owns 497,178 shares of the industrial products company’s stock valued at $44,975,000 after purchasing an additional 7,791 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $652,000. FMR LLC increased its holdings in shares of Ingersoll Rand by 8.2% in the 4th quarter. FMR LLC now owns 17,472,317 shares of the industrial products company’s stock worth $1,580,546,000 after buying an additional 1,320,223 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Ingersoll Rand by 190.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,415 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 927 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

IR opened at $67.76 on Tuesday. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 3.50 and a beta of 1.40. The firm’s fifty day simple moving average is $84.56 and its two-hundred day simple moving average is $93.00. Ingersoll Rand Inc. has a 52-week low of $65.64 and a 52-week high of $106.03. 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) last issued its quarterly 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 return on equity of 12.78% and a net margin of 11.59%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a $0.02 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IR shares. The Goldman Sachs Group increased their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays cut their price target on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Finally, Robert W. Baird lifted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.09.

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.