Nomura Holdings Inc. Purchases Shares of 13,278 Ingersoll Rand Inc. (NYSE:IR)

Nomura Holdings Inc. purchased a new stake in shares of 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 firm purchased 13,278 shares of the industrial products company's stock, valued at approximately $1,201,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Ingersoll Rand by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock valued at $1,789,376,000 after acquiring an additional 1,462,538 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Ingersoll Rand by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after buying an additional 136 shares during the last quarter. Merit Financial Group LLC acquired a new position in Ingersoll Rand during the fourth quarter worth $229,000. HB Wealth Management LLC lifted its stake in shares of Ingersoll Rand by 6.8% in the 4th quarter. HB Wealth Management LLC now owns 8,008 shares of the industrial products company's stock valued at $724,000 after purchasing an additional 513 shares during the last quarter. Finally, BNC Wealth Management LLC lifted its stake in shares of Ingersoll Rand by 10.8% in the 4th quarter. BNC Wealth Management LLC now owns 27,422 shares of the industrial products company's stock valued at $2,481,000 after purchasing an additional 2,676 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IR shares. Citigroup upped their price target on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus decreased their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. 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 report on Tuesday, February 18th. Wells Fargo & Company increased their price objective on Ingersoll Rand from $80.00 to $86.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Barclays reduced their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.91.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 38,657 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total value of $3,209,690.71. Following the transaction, the insider now directly owns 193,186 shares of the company's stock, valued at $16,040,233.58. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the business's stock in a transaction that occurred 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 $920,407.08. The trade was a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company's stock.

Ingersoll Rand Price Performance

NYSE IR traded down $0.80 on Friday, reaching $80.41. 3,790,820 shares of the stock traded hands, compared to its average volume of 2,606,507. The firm's fifty day simple moving average is $77.05 and its 200 day simple moving average is $87.56. 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 company has a market cap of $32.44 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03.

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

Ingersoll Rand Announces Dividend

The business 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 dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.96%.

Ingersoll Rand announced that its Board of Directors has approved a stock repurchase 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 reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.