Scientech Research LLC Boosts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Scientech Research LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 264.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,329 shares of the industrial products company's stock after purchasing an additional 8,217 shares during the period. Scientech Research LLC's holdings in Ingersoll Rand were worth $1,025,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Ingersoll Rand in the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand in the 4th quarter worth about $38,000. Lee Danner & Bass Inc. bought a new stake in Ingersoll Rand in the 4th quarter valued at about $42,000. Ancora Advisors LLC lifted its holdings in Ingersoll Rand by 144.8% during the fourth quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 294 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in Ingersoll Rand during the fourth quarter worth about $50,000. Institutional investors own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IR shares. Citigroup upped 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 raised their price target on Ingersoll Rand from $80.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Evercore ISI reduced their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Barclays cut their target price 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. Finally, Robert W. Baird increased their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.91.

Ingersoll Rand Price Performance

IR traded down $0.04 during trading on Thursday, reaching $81.15. The stock had a trading volume of 1,707,788 shares, compared to its average volume of 2,609,692. 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 business has a 50-day moving average of $77.11 and a 200-day moving average of $87.88. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The stock has a market cap of $32.74 billion, a PE ratio of 39.39, a PEG ratio of 3.50 and a beta of 1.42.

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

Ingersoll Rand Announces Dividend

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

Ingersoll Rand announced that its board has approved a share buyback 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 repurchase up to 3.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

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