Sherbrooke Park Advisers LLC Takes $850,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Sherbrooke Park Advisers LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,399 shares of the industrial products company's stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $38,000. Lee Danner & Bass Inc. bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Ancora Advisors LLC raised its stake in Ingersoll Rand by 144.8% in the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company's stock valued at $45,000 after buying an additional 294 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $50,000. Institutional investors own 95.27% of the company's stock.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total value of $293,230.00. Following the completion of the transaction, the insider now directly owns 10,986 shares in the company, valued at approximately $920,407.08. This represents a 24.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Evercore ISI decreased their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Citigroup upped their target price on Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird upped their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company upped their target price on Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.91.

Ingersoll Rand Price Performance

Shares of IR stock traded down $0.50 during trading hours on Monday, reaching $83.51. The company's stock had a trading volume of 2,818,277 shares, compared to its average volume of 2,614,605. The firm's 50 day simple moving average is $77.02 and its 200-day simple moving average is $88.03. The company has a market capitalization of $33.69 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week 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.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand declared that its Board of Directors has approved a share buyback plan on Thursday, May 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Thursday, May 15th. Ingersoll Rand's dividend payout ratio is presently 3.96%.

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.