Public Employees Retirement System of Ohio Has $14.57 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Public Employees Retirement System of Ohio trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,384 shares of the industrial products company’s stock after selling 7,098 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ingersoll Rand were worth $14,565,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in shares of Ingersoll Rand by 7.9% during the second quarter. QRG Capital Management Inc. now owns 5,872 shares of the industrial products company’s stock valued at $533,000 after buying an additional 429 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Ingersoll Rand by 10.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,489 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 426 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Ingersoll Rand by 11.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,327 shares of the industrial products company’s stock worth $1,483,000 after purchasing an additional 1,697 shares in the last quarter. ORG Partners LLC bought a new position in shares of Ingersoll Rand in the second quarter valued at approximately $81,000. Finally, PGGM Investments lifted its holdings in shares of Ingersoll Rand by 9.3% in the second quarter. PGGM Investments now owns 28,586 shares of the industrial products company’s stock valued at $2,597,000 after purchasing an additional 2,439 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Down 0.7 %

Shares of IR opened at $101.82 on Wednesday. Ingersoll Rand Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $106.03. The business has a 50-day moving average of $100.94 and a 200 day moving average of $95.56. The firm has a market cap of $41.03 billion, a P/E ratio of 49.67, a price-to-earnings-growth ratio of 3.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were paid a $0.02 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is 3.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and lowered their price target for the company from $112.00 to $107.00 in a research report on Monday, November 18th. Citigroup upped their target price on shares of Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Morgan Stanley began coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.67.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.