Advisory Services Network LLC Has $374,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

Advisory Services Network LLC trimmed its stake in Ingersoll Rand Inc. (NYSE:IRFree Report) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,832 shares of the industrial products company’s stock after selling 3,718 shares during the period. Advisory Services Network LLC’s holdings in Ingersoll Rand were worth $374,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its position in shares of Ingersoll Rand by 297.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 75,353 shares of the industrial products company’s stock worth $5,828,000 after acquiring an additional 56,394 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Ingersoll Rand by 3.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 163,162 shares of the industrial products company’s stock worth $12,691,000 after purchasing an additional 6,042 shares in the last quarter. Consilium Wealth Advisory LLC grew its position in Ingersoll Rand by 17.5% in the 4th quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 2,210 shares during the period. UBS Group AG increased its stake in Ingersoll Rand by 105.3% during the 4th quarter. UBS Group AG now owns 2,077,028 shares of the industrial products company’s stock valued at $160,637,000 after purchasing an additional 1,065,413 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Ingersoll Rand by 8.6% during the third quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company’s stock worth $8,706,000 after buying an additional 10,840 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 22,369 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.17, for a total value of $2,061,750.73. Following the completion of the transaction, the insider now owns 30,846 shares in the company, valued at approximately $2,843,075.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $89.46, for a total value of $3,131,100.00. Following the transaction, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew R. Schiesl sold 22,369 shares of Ingersoll Rand stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.17, for a total value of $2,061,750.73. Following the sale, the insider now directly owns 30,846 shares of the company’s stock, valued at approximately $2,843,075.82. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $90.04 on Tuesday. Ingersoll Rand Inc. has a 1 year low of $59.20 and a 1 year high of $96.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.71. The business has a fifty day simple moving average of $92.39 and a two-hundred day simple moving average of $85.02. The company has a market capitalization of $36.32 billion, a P/E ratio of 44.80, a P/E/G ratio of 3.01 and a beta of 1.43.

Ingersoll Rand (NYSE:IRGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Ingersoll Rand had a return on equity of 12.57% and a net margin of 11.85%. On average, analysts expect that Ingersoll Rand Inc. will post 3.18 earnings per share for the current year.

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

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IR shares. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $81.00 to $89.00 in a research report on Tuesday, February 20th. Barclays cut their target price on Ingersoll Rand from $105.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. BNP Paribas started coverage on Ingersoll Rand in a research report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price target for the company. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $107.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $102.00 target price on shares of Ingersoll Rand in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.82.

Read Our Latest Analysis on Ingersoll Rand

About Ingersoll Rand

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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