Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its stake in Ingersoll Rand Inc. by 23.8% during the first quarter, now holding shares worth $3,004,000 after purchasing an additional 7,272 shares.
• Ingersoll Rand's stock received several analyst upgrades, with Citigroup raising its price target from $91.00 to $104.00 and maintaining a "buy" rating, contributing to a consensus target price of $100.92.
• Ingersoll Rand recently announced a quarterly dividend of $0.02 per share and authorized a $1.00 billion share buyback program, reflecting the management's belief that its stock is undervalued.

Raiffeisen Bank International AG boosted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 23.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,813 shares of the industrial products company's stock after acquiring an additional 7,272 shares during the period. Raiffeisen Bank International AG's holdings in Ingersoll Rand were worth $3,004,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IR. Compass Wealth Management LLC lifted its stake in shares of Ingersoll Rand by 62.8% in 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 lifted its position in Ingersoll Rand by 325.0% in the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after buying an additional 286 shares during the last quarter. Golden State Wealth Management LLC boosted its stake 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 during the period. Farmers & Merchants Investments Inc. increased its position in shares of 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 acquiring an additional 172 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 285 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Ingersoll Rand news, insider Vicente Reynal sold 38,657 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 193,186 shares in the company, valued at approximately $16,040,233.58. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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. Company insiders own 0.68% of the company's stock.

Ingersoll Rand Stock Performance

IR stock traded down $0.86 during trading on Tuesday, hitting $77.74. The company had a trading volume of 4,172,648 shares, compared to its average volume of 3,392,907. The firm has a 50-day moving average price of $84.15 and a 200-day moving average price of $82.68. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $30.90 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 3.30 and a beta of 1.41. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Citigroup reaffirmed a "buy" rating and issued a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Wells Fargo & Company raised their target price on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $95.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Robert W. Baird raised their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $98.75.

Ingersoll Rand Company 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.