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

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

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Wealth Management LLC boosted its holdings in shares of Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates boosted its holdings in Ingersoll Rand by 325.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock worth $30,000 after acquiring an additional 286 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Ingersoll Rand during the fourth quarter valued at about $36,000. Golden State Wealth Management LLC grew its stake in shares of 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 valued at $38,000 after acquiring an additional 313 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake 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 in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IR shares. Wells Fargo & Company raised their price target 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 lifted their price target on Ingersoll Rand from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday. Stifel Nicolaus dropped their target price 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 target on shares of Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.40.

Insiders Place Their Bets

In other news, insider Vicente Reynal sold 38,657 shares of Ingersoll Rand 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 directly owned 193,186 shares of the company's stock, valued at $16,040,233.58. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was 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 in the company, 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 0.59% of the company's stock.

Ingersoll Rand Price Performance

NYSE:IR traded up $1.01 during mid-day trading on Thursday, hitting $88.71. The company's stock had a trading volume of 3,712,519 shares, compared to its average volume of 2,588,111. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a current ratio of 2.38, a quick ratio of 1.76 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 3.67 and a beta of 1.43. The stock has a fifty day moving average of $82.33 and a 200-day moving average of $83.39.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its 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). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. Ingersoll Rand had a return on equity of 12.33% and a net margin of 11.30%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Ingersoll Rand announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.