Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Lowered by USS Investment Management Ltd

USS Investment Management Ltd cut its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,114 shares of the industrial products company's stock after selling 8,134 shares during the quarter. USS Investment Management Ltd's holdings in Ingersoll Rand were worth $1,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Chicago Partners Investment Group LLC lifted its stake in shares of Ingersoll Rand by 4.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,438 shares of the industrial products company's stock valued at $218,000 after purchasing an additional 109 shares during the period. UMB Bank n.a. lifted its position in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 127 shares in the last quarter. FSM Wealth Advisors LLC lifted its position in shares of Ingersoll Rand by 5.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 2,442 shares of the industrial products company's stock valued at $222,000 after acquiring an additional 134 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Ingersoll Rand by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after buying an additional 136 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in Ingersoll Rand by 6.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,273 shares of the industrial products company's stock worth $206,000 after acquiring an additional 141 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of Ingersoll Rand 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 owns 10,986 shares of the company's stock, valued at $920,407.08. The trade was a 24.16% decrease in their position. The transaction was disclosed in a filing 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 on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the transaction, the insider now directly owns 193,186 shares of the company's stock, valued at approximately $16,040,233.58. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IR. Evercore ISI dropped their target price 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. Citigroup increased their price target on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Stifel Nicolaus dropped their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Barclays decreased 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 note on Thursday, April 10th. Finally, Wells Fargo & Company lifted 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand has an average rating of "Moderate Buy" and an average price target of $98.91.

Ingersoll Rand Price Performance

IR traded down $0.23 on Thursday, hitting $81.61. 542,047 shares of the company were exchanged, compared to its average volume of 2,589,628. The business's fifty day moving average is $77.05 and its 200 day moving average is $87.22. The firm has a market capitalization of $32.93 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

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

Ingersoll Rand declared that its board has initiated a share repurchase plan on Thursday, May 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Ingersoll Rand Announces Dividend

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

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.