Mutual of America Capital Management LLC Sells 2,421 Shares of Ingersoll Rand Inc. (NYSE:IR)

Mutual of America Capital Management LLC cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,369 shares of the industrial products company’s stock after selling 2,421 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ingersoll Rand were worth $4,205,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IR. Horizon Investments LLC grew its position in shares of Ingersoll Rand by 2.7% during the second quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 152 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Ingersoll Rand by 17.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 173 shares during the last quarter. Global Retirement Partners LLC increased its stake in Ingersoll Rand by 11.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 191 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Ingersoll Rand by 4.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 193 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in shares of Ingersoll Rand by 3.3% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 194 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the sale, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at approximately $854,920. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the transaction, the chief accounting officer now owns 9,715 shares of the company’s stock, valued at approximately $854,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total transaction of $937,368.95. Following the completion of the sale, the insider now owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The disclosure for this sale can be found here. Insiders have sold a total of 293,011 shares of company stock valued at $26,374,789 over the last quarter. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their price target on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. BNP Paribas initiated coverage on Ingersoll Rand in a research report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price objective on the stock. Finally, Citigroup lifted their target price on Ingersoll Rand from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.73.

Ingersoll Rand Stock Performance

IR stock opened at $90.87 on Wednesday. Ingersoll Rand Inc. has a twelve month low of $53.24 and a twelve month high of $96.17. The firm has a market cap of $36.66 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 3.20 and a beta of 1.44. The business’s fifty day simple moving average is $91.02 and its two-hundred day simple moving average is $78.35. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is 4.21%.

Ingersoll Rand 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.