Victory Capital Management Inc. Has $13.61 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

Victory Capital Management Inc. lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,491 shares of the industrial products company’s stock after selling 19,194 shares during the period. Victory Capital Management Inc.’s holdings in Ingersoll Rand were worth $13,613,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter valued at about $34,000. UMB Bank n.a. lifted its holdings 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 valued at $54,000 after buying an additional 127 shares during the period. Versant Capital Management Inc boosted its stake in 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 acquiring an additional 589 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth $99,000. Finally, WASHINGTON TRUST Co raised its position in shares of Ingersoll Rand by 18.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,136 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.48 on Thursday. The company has a fifty day moving average price of $88.71 and a 200 day moving average price of $94.34. The firm has a market cap of $32.84 billion, a PE ratio of 39.55, a PEG ratio of 3.50 and a beta of 1.48. 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 1-year low of $79.97 and a 1-year high of $106.03.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a $0.02 dividend. The ex-dividend date of this dividend is 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reduced their price target on Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI reduced their target price on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of 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 upped 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.36.

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.