Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Avestar Capital LLC

Avestar Capital LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,914 shares of the industrial products company’s stock after selling 364 shares during the period. Avestar Capital LLC’s holdings in Ingersoll Rand were worth $264,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth $245,000. Creative Planning lifted its position in shares of Ingersoll Rand by 66.2% during the third quarter. Creative Planning now owns 109,961 shares of the industrial products company’s stock worth $10,794,000 after purchasing an additional 43,801 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Ingersoll Rand by 99.9% during the third quarter. Vontobel Holding Ltd. now owns 21,340 shares of the industrial products company’s stock worth $2,095,000 after purchasing an additional 10,664 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Ingersoll Rand by 128.0% during the third quarter. Bleakley Financial Group LLC now owns 17,914 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth $2,854,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IR has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, January 24th. UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Barclays dropped their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Stock Down 7.3 %

IR stock opened at $85.79 on Friday. Ingersoll Rand Inc. has a 1-year low of $83.72 and a 1-year high of $106.03. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a fifty day moving average price of $93.08 and a two-hundred day moving average price of $95.27.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.72% and a return on equity of 13.01%. Research analysts predict that Ingersoll Rand Inc. will post 3.2 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued 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 of this dividend is Wednesday, March 5th. Ingersoll Rand’s dividend payout ratio (DPR) is 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.