B. Riley Wealth Advisors Inc. Sells 3,354 Shares of Ingersoll Rand Inc. (NYSE:IR)

B. Riley Wealth Advisors Inc. lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 58.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,374 shares of the industrial products company's stock after selling 3,354 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Ingersoll Rand were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IR. Toronto Dominion Bank grew its holdings in Ingersoll Rand by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company's stock valued at $12,380,000 after buying an additional 866 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of Ingersoll Rand by 77.7% in the fourth quarter. Vise Technologies Inc. now owns 4,772 shares of the industrial products company's stock valued at $432,000 after purchasing an additional 2,086 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $7,764,000. Vident Advisory LLC increased its position in Ingersoll Rand by 10.0% in the fourth quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company's stock worth $905,000 after purchasing an additional 910 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Ingersoll Rand by 152.8% during the fourth quarter. Squarepoint Ops LLC now owns 259,215 shares of the industrial products company's stock valued at $23,449,000 after purchasing an additional 156,665 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR remained flat at $81.95 during mid-day trading on Wednesday. 733,183 shares of the stock were exchanged, compared to its average volume of 2,591,640. The firm has a market cap of $33.06 billion, a PE ratio of 39.78, a price-to-earnings-growth 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. The stock's 50 day moving average price is $77.04 and its 200-day moving average price is $86.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

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 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 quarter in the prior year, the company earned $0.78 earnings per share. Ingersoll Rand's revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.02 per share. 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 authorized a share repurchase program on Thursday, May 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IR shares. Wells Fargo & Company boosted their target price on shares of Ingersoll Rand from $80.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. 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 note on Thursday, April 10th. Robert W. Baird boosted 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. Stifel Nicolaus decreased their price target on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Citigroup lifted their price objective on shares of Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ingersoll Rand has an average rating of "Moderate Buy" and a consensus price target of $98.91.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Vicente Reynal sold 38,657 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the completion of the sale, the insider now owns 193,186 shares in the company, valued at $16,040,233.58. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $83.78, for a total value of $293,230.00. Following the sale, the insider now directly owns 10,986 shares in the company, valued at $920,407.08. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.59% of the company's stock.

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.