Lbp Am Sa Has $9.29 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

LBP AM SA lowered its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,064 shares of the industrial products company's stock after selling 54,032 shares during the quarter. LBP AM SA's holdings in Ingersoll Rand were worth $9,289,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new position in Ingersoll Rand in the 1st quarter valued at $274,000. Linden Thomas Advisory Services LLC grew its stake in shares of Ingersoll Rand by 5.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 16,067 shares of the industrial products company's stock worth $1,286,000 after purchasing an additional 873 shares during the period. Fullcircle Wealth LLC boosted its position in shares of Ingersoll Rand by 31.0% in the 1st quarter. Fullcircle Wealth LLC now owns 2,951 shares of the industrial products company's stock worth $221,000 after buying an additional 698 shares in the last quarter. Compass Wealth Management LLC boosted its position 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 worth $28,000 after buying an additional 137 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Ingersoll Rand by 14.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company's stock worth $245,000 after buying an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

IR has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Barclays boosted their price objective on shares of Ingersoll Rand from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ingersoll Rand presently has an average rating of "Moderate Buy" and an average target price of $99.40.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded up $0.32 during midday trading on Friday, hitting $89.01. The company's stock had a trading volume of 2,286,802 shares, compared to its average volume of 2,589,235. The company has a quick ratio of 1.76, a current ratio of 2.38 and a debt-to-equity ratio of 0.45. The stock's 50-day moving average price is $82.83 and its 200-day moving average price is $83.35. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The company has a market capitalization of $35.91 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 3.74 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Ingersoll Rand had a return on equity of 12.33% and a net margin of 11.30%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Ingersoll Rand's revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Thursday, May 15th. Ingersoll Rand's dividend payout ratio is currently 3.96%.

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

Insider Buying and Selling at Ingersoll Rand

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the company's 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 completion of the transaction, the insider directly owned 10,986 shares in the company, valued at $920,407.08. This represents a 24.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vicente Reynal sold 38,657 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the transaction, the insider owned 193,186 shares of the company's stock, valued at approximately $16,040,233.58. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate 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.