Banque Transatlantique SA Purchases Shares of 479,654 Ingersoll Rand Inc. (NYSE:IR)

Banque Transatlantique SA purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 479,654 shares of the industrial products company's stock, valued at approximately $43,637,000. Ingersoll Rand makes up 1.0% of Banque Transatlantique SA's holdings, making the stock its 25th biggest position. Banque Transatlantique SA owned 0.12% of Ingersoll Rand at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. increased its holdings in shares of Ingersoll Rand by 1.9% during the 4th quarter. Benjamin Edwards Inc. now owns 11,769 shares of the industrial products company's stock worth $1,065,000 after buying an additional 222 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Ingersoll Rand in the fourth quarter valued at approximately $30,692,000. Ancora Advisors LLC lifted 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 last quarter. Aptus Capital Advisors LLC grew its position in Ingersoll Rand by 55.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 4,080 shares of the industrial products company's stock worth $369,000 after purchasing an additional 1,450 shares during the last quarter. Finally, AXA S.A. raised its stake in Ingersoll Rand by 155.8% during the 4th quarter. AXA S.A. now owns 307,175 shares of the industrial products company's stock valued at $27,787,000 after acquiring an additional 187,100 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Up 2.6 %

Shares of NYSE:IR traded up $1.96 during trading on Wednesday, reaching $77.88. 5,279,828 shares of the company traded hands, compared to its average volume of 2,596,087. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-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 has a market cap of $31.39 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. The firm has a fifty day simple moving average of $77.30 and a 200 day simple moving average of $88.94.

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

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 paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Thursday, May 15th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.96%.

Ingersoll Rand announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays dropped their target price on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Evercore ISI decreased their target price on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Monday. Finally, Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.