Twinbeech Capital LP Makes New $20.76 Million Investment in Ingersoll Rand Inc. (NYSE:IR)

Twinbeech Capital LP acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 229,451 shares of the industrial products company's stock, valued at approximately $20,756,000. Twinbeech Capital LP owned about 0.06% of Ingersoll Rand at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $907,000. Tidal Investments LLC grew its stake 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 during the last quarter. State of Wyoming bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $71,000. Strategic Wealth Partners Ltd. grew its stake in shares of Ingersoll Rand by 22.4% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 4,717 shares of the industrial products company's stock valued at $437,000 after purchasing an additional 863 shares during the last quarter. Finally, Tema Etfs LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $6,175,000. 95.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm'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 sale, the insider now directly owns 10,986 shares in the company, valued at $920,407.08. This trade represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by company insiders.

Ingersoll Rand Trading Up 1.2%

IR opened at $84.03 on Monday. The firm's fifty day moving average is $77.02 and its two-hundred day moving average is $88.03. 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 cap of $33.90 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its 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 firm 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 12.78% and a net margin of 11.59%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

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 purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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 dividend yield of 0.10%. Ingersoll Rand's payout ratio is 3.96%.

Wall Street Analyst Weigh In

IR has been the topic of several research analyst reports. Citigroup increased their price target on shares of Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Stifel Nicolaus decreased their price target 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. 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 report on Tuesday, February 18th. Finally, Barclays cut their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.91.

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.

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