3,414 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Syon Capital LLC

Syon Capital LLC bought a new position in Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,414 shares of the industrial products company’s stock, valued at approximately $264,000.

A number of other large investors have also recently bought and sold shares of IR. OFI Invest Asset Management bought a new position in Ingersoll Rand in the third quarter worth about $25,000. ANTIPODES PARTNERS Ltd bought a new position in Ingersoll Rand in the fourth quarter worth about $27,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $28,000. Clearstead Advisors LLC raised its holdings in shares of Ingersoll Rand by 348.2% during the third quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock valued at $31,000 after buying an additional 383 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $32,000. Institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 35,000 shares of Ingersoll Rand stock in a transaction that occurred 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 in the company, valued at $1,478,326.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the transaction, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $3,131,100.00. Following the transaction, the insider now owns 16,525 shares in the company, valued at $1,478,326.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is owned by insiders.

Ingersoll Rand Price Performance

NYSE IR opened at $93.50 on Friday. Ingersoll Rand Inc. has a 12 month low of $54.54 and a 12 month high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The firm has a market capitalization of $37.72 billion, a PE ratio of 49.21, a P/E/G ratio of 3.26 and a beta of 1.44. The company’s 50 day simple moving average is $91.70 and its 200 day simple moving average is $79.76.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

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

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is 4.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IR. Stifel Nicolaus reaffirmed a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. Citigroup lifted their price target on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 8th. Cfra lifted their price target on Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, February 16th. StockNews.com cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BNP Paribas initiated coverage on Ingersoll Rand in a report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.73.

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.