Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,024 shares of the industrial products company's stock after purchasing an additional 39,943 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Ingersoll Rand worth $28,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Wealth Management LLC lifted its holdings in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 137 shares during the period. Global Wealth Strategies & Associates lifted its stake in shares of Ingersoll Rand by 325.0% in 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 during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Ingersoll Rand in the 4th quarter valued at $36,000. Golden State Wealth Management LLC boosted its holdings in Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after buying an additional 313 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Up 1.6%

IR stock traded up $1.38 during midday trading on Friday, reaching $88.27. 2,081,241 shares of the company were exchanged, compared to its average volume of 2,603,943. The stock's 50-day simple moving average is $83.96 and its 200 day simple moving average is $82.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.38. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a market cap of $35.61 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data 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 12.33% and a net margin of 11.30%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand announced that its Board of Directors has authorized a share 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 buy up to 3.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Thursday, August 14th. Ingersoll Rand's dividend payout ratio is presently 3.96%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IR. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Citigroup reaffirmed a "buy" rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Melius Research set a $93.00 price target on Ingersoll Rand in a research report on Monday, July 14th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $78.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company upped their target price on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of "Hold" and an average price target of $100.92.

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.