Siemens Fonds Invest GmbH Boosts Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Siemens Fonds Invest GmbH lifted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 243.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,221 shares of the industrial products company's stock after purchasing an additional 10,792 shares during the period. Siemens Fonds Invest GmbH's holdings in Ingersoll Rand were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter worth $122,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ingersoll Rand during the fourth quarter worth $28,321,000. Azzad Asset Management Inc. ADV boosted its position in shares of Ingersoll Rand by 1.3% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 13,342 shares of the industrial products company's stock worth $1,207,000 after acquiring an additional 169 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Ingersoll Rand by 0.6% during the fourth quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company's stock worth $12,380,000 after acquiring an additional 866 shares during the last quarter. Finally, Vise Technologies Inc. boosted its position in shares of Ingersoll Rand by 77.7% during the fourth quarter. Vise Technologies Inc. now owns 4,772 shares of the industrial products company's stock worth $432,000 after acquiring an additional 2,086 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 38,657 shares of Ingersoll Rand stock in a transaction dated 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 completion of the sale, the insider now owns 193,186 shares in the company, valued at $16,040,233.58. This trade represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of Ingersoll Rand stock in a transaction dated 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 now owns 10,986 shares of the company's stock, valued at $920,407.08. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IR shares. Barclays dropped their target price on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Citigroup upped their target price 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. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company increased their price objective on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Robert W. Baird increased their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.91.

Ingersoll Rand Trading Down 0.6%

Shares of Ingersoll Rand stock traded down $0.48 during trading on Friday, hitting $81.67. The stock had a trading volume of 5,060,186 shares, compared to its average volume of 2,609,983. The firm's fifty day simple moving average is $77.03 and its 200-day simple moving average is $86.91. The stock has a market cap of $32.95 billion, a PE ratio of 39.65, a PEG ratio of 3.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.02). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Ingersoll Rand's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

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

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.02 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.96%.

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.