Maryland State Retirement & Pension System Has $1.95 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Maryland State Retirement & Pension System decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,549 shares of the industrial products company’s stock after selling 1,506 shares during the period. Maryland State Retirement & Pension System’s holdings in Ingersoll Rand were worth $1,949,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Ingersoll Rand by 7.8% in the third quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company’s stock valued at $630,000 after purchasing an additional 463 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Ingersoll Rand by 3.7% in the third quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company’s stock valued at $3,216,000 after purchasing an additional 1,171 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Ingersoll Rand in the third quarter valued at about $2,285,000. Advisors Asset Management Inc. raised its holdings in shares of Ingersoll Rand by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 25,840 shares of the industrial products company’s stock valued at $2,536,000 after purchasing an additional 950 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Ingersoll Rand by 28.2% in the third quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company’s stock valued at $9,987,000 after purchasing an additional 22,401 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.00 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $32.65 billion, a PE ratio of 39.32, a P/E/G ratio of 3.50 and a beta of 1.48. Ingersoll Rand Inc. has a twelve month low of $79.79 and a twelve month high of $106.03. The company has a 50-day moving average price of $87.56 and a two-hundred day moving average price of $93.87.

Ingersoll Rand (NYSE:IR) last issued its 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). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given 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 currently 3.88%.

Analysts Set New Price Targets

Several brokerages have recently commented on IR. The Goldman Sachs Group increased their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI lowered their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Barclays decreased their price objective on shares of Ingersoll Rand from $102.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Robert W. Baird raised their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average target price of $105.36.

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.