Deutsche Bank AG Has $118.21 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Key Points

• Deutsche Bank AG increased its holdings in Ingersoll Rand Inc. by 8.5%, owning 1,477,103 shares, equivalent to approximately 0.37% of the company, valued at $118.2 million as of the latest SEC filing.
• Ingersoll Rand's recent earnings report showed a $0.80 EPS, matching analysts' expectations, with a revenue of $1.89 billion, surpassing the forecast of $1.85 billion.
• The company has a quarterly dividend of $0.02 per share and recently approved a stock buyback plan allowing the repurchase of up to $1 billion worth of shares.

Deutsche Bank AG lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,477,103 shares of the industrial products company's stock after buying an additional 115,618 shares during the quarter. Deutsche Bank AG owned about 0.37% of Ingersoll Rand worth $118,213,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IR. Compass Wealth Management LLC grew its holdings in shares of Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Ingersoll Rand by 325.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded up $1.95 during trading on Tuesday, reaching $78.40. The company had a trading volume of 2,759,874 shares, compared to its average volume of 3,514,269. The firm's 50-day simple moving average is $83.63 and its 200 day simple moving average is $82.09. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The firm has a market capitalization of $31.16 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 4.35 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. Ingersoll Rand's revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is presently 6.25%.

Ingersoll Rand announced that its Board of Directors has authorized a stock 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 reacquire up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Melius Research set a $93.00 price target on shares of Ingersoll Rand in a research report on Monday, July 14th. Melius cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target for the company. in a research report on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Barclays lowered their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a "hold" rating in a report on Monday, August 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $98.75.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Vicente Reynal sold 38,657 shares of Ingersoll Rand stock in a transaction that occurred 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 sale, the insider directly owned 193,186 shares in the company, valued at $16,040,233.58. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the company's 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 transaction, the insider owned 10,986 shares of the company's stock, valued at approximately $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. 0.68% of the stock is owned by company insiders.

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.