Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Ingersoll Rand Inc. (NYSE:IR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 313,081 shares of the industrial products company's stock, valued at approximately $28,321,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Ingersoll Rand at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IR. Murphy & Mullick Capital Management Corp acquired a new stake in Ingersoll Rand in the 4th quarter worth about $36,000. OFI Invest Asset Management bought a new position in shares of Ingersoll Rand during the fourth quarter worth approximately $38,000. Lee Danner & Bass Inc. acquired a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $42,000. Ancora Advisors LLC raised its position in shares of Ingersoll Rand by 144.8% in the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company's stock valued at $45,000 after buying an additional 294 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $50,000. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Price Performance

Ingersoll Rand stock traded down $0.48 during midday trading on Friday, reaching $81.67. The company's stock had a trading volume of 5,060,186 shares, compared to its average volume of 2,609,983. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $32.95 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The business has a 50-day moving average price of $77.03 and a 200-day moving average price of $86.91.

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 analysts' consensus estimates of $0.74 by ($0.02). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid 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 presently 3.96%.

Insider Transactions at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 3,500 shares of the business's stock in a transaction dated 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 now directly owns 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vicente Reynal sold 38,657 shares of the firm'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 transaction of $3,209,690.71. Following the completion of the transaction, the insider now owns 193,186 shares of the company's stock, valued at approximately $16,040,233.58. This trade represents a 16.67% 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 Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup raised their price objective 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 decreased their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Barclays dropped their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price objective 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. Finally, Wells Fargo & Company boosted their target price 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.91.

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.