Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 152.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,215 shares of the industrial products company's stock after acquiring an additional 156,665 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of Ingersoll Rand worth $23,449,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IR. Twinbeech Capital LP bought a new position in shares of Ingersoll Rand during the fourth quarter valued at about $20,756,000. Teza Capital Management LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $907,000. Tidal Investments LLC raised its holdings in shares of Ingersoll Rand by 913.3% during the fourth quarter. Tidal Investments LLC now owns 214,243 shares of the industrial products company's stock valued at $19,380,000 after acquiring an additional 193,099 shares in the last quarter. State of Wyoming purchased a new stake in Ingersoll Rand in the fourth quarter worth $71,000. Finally, Strategic Wealth Partners Ltd. boosted its holdings in Ingersoll Rand by 22.4% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 4,717 shares of the industrial products company's stock valued at $437,000 after acquiring an additional 863 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IR shares. Stifel Nicolaus cut their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup increased their target price on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI lowered their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. 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, Barclays reduced their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.91.

Ingersoll Rand Stock Performance

IR stock traded down $0.80 during midday trading on Monday, reaching $80.41. 3,790,820 shares of the company's stock traded hands, compared to its average volume of 2,606,507. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The stock's 50-day moving average is $77.05 and its 200 day moving average is $87.45. The stock has a market cap of $32.44 billion, a P/E ratio of 39.03, a PEG ratio of 3.50 and a beta of 1.42. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

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

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand's payout ratio is 3.96%.

Ingersoll Rand declared that its board has authorized a share buyback 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 buy up to 3.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 38,657 shares of the company'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 completion of the sale, the insider now owns 193,186 shares of the company's stock, valued at approximately $16,040,233.58. This represents a 16.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm'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 now owns 10,986 shares of the company's stock, valued at approximately $920,407.08. This trade represents a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

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.