4,737 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by Savant Capital LLC

Savant Capital LLC purchased a new position in Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,737 shares of the industrial products company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Adage Capital Partners GP L.L.C. lifted its position in shares of Ingersoll Rand by 101.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company’s stock worth $108,328,000 after purchasing an additional 854,314 shares during the last quarter. FMR LLC raised its stake in Ingersoll Rand by 3.4% in the third quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock valued at $1,222,789,000 after buying an additional 627,146 shares in the last quarter. Barclays PLC raised its stake in Ingersoll Rand by 59.8% in the third quarter. Barclays PLC now owns 876,284 shares of the industrial products company’s stock valued at $55,836,000 after buying an additional 327,931 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Ingersoll Rand by 7,475.8% during the 4th quarter. International Assets Investment Management LLC now owns 281,518 shares of the industrial products company’s stock worth $21,773,000 after buying an additional 277,802 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Ingersoll Rand by 45.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 796,696 shares of the industrial products company’s stock worth $50,765,000 after acquiring an additional 248,634 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the transaction, the insider now directly owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Andrew R. Schiesl sold 35,000 shares of Ingersoll Rand stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the sale, the insider now directly owns 16,525 shares in the company, valued at $1,478,326.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total value of $667,920.00. Following the completion of the transaction, the chief accounting officer now owns 9,715 shares of the company’s stock, valued at approximately $854,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,011 shares of company stock worth $26,374,789. Company insiders own 0.83% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $86.72 on Monday. The firm has a market cap of $34.99 billion, a P/E ratio of 43.14, a P/E/G ratio of 3.02 and a beta of 1.40. Ingersoll Rand Inc. has a 52-week low of $56.49 and a 52-week high of $96.17. The business’s 50-day moving average price is $91.96 and its 200 day moving average price is $80.81. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.66% and a net margin of 11.85%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand declared that its Board of Directors has authorized a stock repurchase program on Thursday, April 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s payout ratio is currently 3.98%.

Analyst Ratings Changes

Several research firms recently weighed in on IR. Citigroup boosted their target price on Ingersoll Rand from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $81.00 to $89.00 in a research report on Tuesday, February 20th. UBS Group increased their target price on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. BNP Paribas began coverage on shares of Ingersoll Rand in a research report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price target for the company. Finally, Barclays raised their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.73.

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.