Teza Capital Management LLC Buys Shares of 10,030 Ingersoll Rand Inc. (NYSE:IR)

Teza Capital Management LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,030 shares of the industrial products company's stock, valued at approximately $907,000.

Several other large investors have also bought and sold shares of the stock. Tidal Investments LLC lifted its position 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 purchasing an additional 193,099 shares in the last quarter. State of Wyoming bought a new stake in Ingersoll Rand during the fourth quarter worth $71,000. Strategic Wealth Partners Ltd. boosted its position 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 worth $437,000 after purchasing an additional 863 shares during the last quarter. Tema Etfs LLC bought a new position in Ingersoll Rand in the 4th quarter valued at $6,175,000. Finally, Toronto Dominion Bank increased its position in shares of Ingersoll Rand by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company's stock valued at $12,380,000 after purchasing an additional 866 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IR has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Evercore ISI lowered their price target on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird upped their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Barclays reduced their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their target price on Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.91.

Ingersoll Rand Stock Performance

IR stock traded up $0.02 during midday trading on Thursday, reaching $81.21. 3,892,464 shares of the company's stock traded hands, compared to its average volume of 2,618,072. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The company has a 50-day moving average price of $77.11 and a two-hundred day moving average price of $87.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The firm has a market capitalization of $32.76 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42.

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

Ingersoll Rand Announces Dividend

The company also recently declared 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. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date is Thursday, May 15th. Ingersoll Rand's payout ratio is 3.96%.

Ingersoll Rand announced that its board has authorized 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 reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total value of $293,230.00. Following the sale, the insider now owns 10,986 shares in the company, valued at approximately $920,407.08. This trade represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by company 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.