3,460 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,460 shares of the industrial products company's stock, valued at approximately $313,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company's stock worth $45,884,000 after acquiring an additional 3,165 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ingersoll Rand by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock valued at $1,789,376,000 after purchasing an additional 1,462,538 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ingersoll Rand by 3.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,549 shares of the industrial products company's stock worth $1,428,000 after buying an additional 441 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Ingersoll Rand by 42.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,763 shares of the industrial products company's stock worth $159,000 after buying an additional 528 shares during the last quarter. Finally, Czech National Bank boosted its stake in Ingersoll Rand by 6.3% in the fourth quarter. Czech National Bank now owns 87,381 shares of the industrial products company's stock valued at $7,904,000 after buying an additional 5,187 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 0.9%

Shares of NYSE IR traded up $0.79 during midday trading on Tuesday, reaching $85.01. The company had a trading volume of 968,928 shares, compared to its average volume of 3,034,013. The stock has a market cap of $34.30 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. The firm's fifty day moving average price is $77.05 and its 200-day moving average price is $88.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Ingersoll Rand's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, 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 currently 3.96%.

Analyst Ratings Changes

IR has been the subject of a number of research reports. Robert W. Baird increased their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup raised their price objective on shares of Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a report on Monday, May 5th. Evercore ISI decreased their target price on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Finally, Barclays lowered their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Ingersoll Rand presently has an average rating of "Moderate Buy" and an average target price of $98.91.

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.