Virtu Financial LLC Has $358,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Virtu Financial LLC trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 55.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,963 shares of the industrial products company’s stock after selling 4,844 shares during the quarter. Virtu Financial LLC’s holdings in Ingersoll Rand were worth $358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth about $2,161,000. Sciencast Management LP bought a new position in Ingersoll Rand during the fourth quarter valued at approximately $3,042,000. Millstone Evans Group LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at approximately $50,000. Lee Danner & Bass Inc. bought a new stake in Ingersoll Rand in the fourth quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Ingersoll Rand by 8.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,825 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 145 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IR has been the topic of several analyst reports. Barclays lowered their target price on shares of Ingersoll Rand from $96.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird increased their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Evercore ISI reduced their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus lowered their target price 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.09.

Ingersoll Rand Trading Down 1.2 %

Shares of IR opened at $81.37 on Thursday. The stock’s 50-day moving average price is $87.12 and its 200 day moving average price is $93.80. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 12-month low of $79.79 and a 12-month high of $106.03. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 39.50, a P/E/G ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm 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 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.88%.

Ingersoll Rand Company 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.