Chevy Chase Trust Holdings LLC Sells 4,855 Shares of Ingersoll Rand Inc. (NYSE:IR)

Chevy Chase Trust Holdings LLC trimmed its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,493 shares of the industrial products company’s stock after selling 4,855 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Ingersoll Rand were worth $19,132,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Banque Pictet & Cie SA grew its position in Ingersoll Rand by 23.4% in the fourth quarter. Banque Pictet & Cie SA now owns 12,400 shares of the industrial products company’s stock valued at $1,122,000 after acquiring an additional 2,350 shares during the period. V Square Quantitative Management LLC grew its position in Ingersoll Rand by 2.9% in the fourth quarter. V Square Quantitative Management LLC now owns 10,027 shares of the industrial products company’s stock valued at $907,000 after acquiring an additional 287 shares during the period. Essex Financial Services Inc. grew its position in Ingersoll Rand by 25.8% in the fourth quarter. Essex Financial Services Inc. now owns 2,688 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 552 shares during the period. Regents Gate Capital LLP bought a new stake in Ingersoll Rand in the fourth quarter valued at $10,171,000. Finally, Opal Wealth Advisors LLC grew its position in Ingersoll Rand by 8.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,335 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 190 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Down 7.3 %

Shares of IR opened at $85.79 on Friday. Ingersoll Rand Inc. has a 12-month low of $83.72 and a 12-month high of $106.03. The stock’s fifty day simple moving average is $92.75 and its 200-day simple moving average is $95.18. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $34.58 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share 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%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts predict that Ingersoll Rand Inc. will post 3.2 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand’s payout ratio is 3.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IR. Robert W. Baird lowered their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Barclays decreased their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.92.

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.