DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 190,985 Shares of Ingersoll Rand Inc. (NYSE:IR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,409 shares of the industrial products company's stock after selling 190,985 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.08% of Ingersoll Rand worth $29,346,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 3,165 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after purchasing an additional 1,462,538 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ingersoll Rand by 3.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,549 shares of the industrial products company's stock valued at $1,428,000 after acquiring an additional 441 shares in the last quarter. ST Germain D J Co. Inc. grew its position in Ingersoll Rand by 42.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,763 shares of the industrial products company's stock valued at $159,000 after buying an additional 528 shares during the period. Finally, Czech National Bank grew its holdings in Ingersoll Rand by 6.3% during the 4th 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. 95.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

IR has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $80.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Evercore ISI lowered their price target on 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, Citigroup lifted their price objective on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.91.

Ingersoll Rand Stock Down 0.9%

Shares of NYSE:IR traded down $0.78 during mid-day trading on Wednesday, reaching $83.72. 958,818 shares of the stock were exchanged, compared to its average volume of 2,611,494. 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 stock's 50 day simple moving average is $77.04 and its 200-day simple moving average is $88.37. The company has a market cap of $33.78 billion, a P/E ratio of 40.64, a P/E/G 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.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $0.78 earnings per share. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand declared that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.96%.

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.