USS Investment Management Ltd Has $1.82 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

USS Investment Management Ltd lessened its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 28.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,114 shares of the industrial products company's stock after selling 8,134 shares during the period. USS Investment Management Ltd's holdings in Ingersoll Rand were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $7,764,000. Vident Advisory LLC grew its position in Ingersoll Rand by 10.0% in the fourth quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company's stock valued at $905,000 after acquiring an additional 910 shares during the period. Squarepoint Ops LLC grew its position in Ingersoll Rand by 152.8% in the fourth quarter. Squarepoint Ops LLC now owns 259,215 shares of the industrial products company's stock valued at $23,449,000 after acquiring an additional 156,665 shares during the period. Twinbeech Capital LP bought a new stake in Ingersoll Rand in the fourth quarter valued at $20,756,000. Finally, Teza Capital Management LLC bought a new stake in Ingersoll Rand in the fourth quarter valued at $907,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IR has been the topic of a number of analyst reports. Citigroup upped their price target on Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Barclays reduced their price target on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird boosted their price target 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. Stifel Nicolaus reduced 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 report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price target 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, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average price target of $98.91.

Ingersoll Rand Trading Up 2.7%

Shares of IR traded up $2.17 on Tuesday, reaching $82.55. 3,025,740 shares of the company's stock were exchanged, compared to its average volume of 2,608,183. 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 capitalization of $33.31 billion, a P/E ratio of 40.07, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. The business has a 50 day moving average price of $77.01 and a two-hundred day moving average price of $87.29. 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 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 business had revenue of $1.72 billion for 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share 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 given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio is 3.96%.

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

Insider Transactions at Ingersoll Rand

In other news, insider Vicente Reynal sold 38,657 shares of the business's stock in a transaction 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 sale, the insider now owns 193,186 shares of the company's stock, valued at $16,040,233.58. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 10,986 shares of the company's stock, valued at approximately $920,407.08. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

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.