Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,941,588 shares of the industrial products company's stock after selling 525,923 shares during the quarter. Janus Henderson Group PLC owned about 1.23% of Ingersoll Rand worth $447,017,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IR. Principal Financial Group Inc. increased its holdings in Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company's stock worth $45,884,000 after purchasing an additional 3,165 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ingersoll Rand by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock worth $1,789,376,000 after buying an additional 1,462,538 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Ingersoll Rand by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,549 shares of the industrial products company's stock valued at $1,428,000 after acquiring an additional 441 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in Ingersoll Rand by 42.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,763 shares of the industrial products company's stock valued at $159,000 after acquiring an additional 528 shares during the last quarter. Finally, Czech National Bank grew its holdings in Ingersoll Rand by 6.3% during the 4th quarter. Czech National Bank now owns 87,381 shares of the industrial products company's stock worth $7,904,000 after acquiring an additional 5,187 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Price Performance

NYSE IR opened at $79.29 on Friday. The company has a 50-day moving average price of $77.05 and a two-hundred day moving average price of $88.54. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results 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). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

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 $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, May 15th. Ingersoll Rand's payout ratio is currently 3.96%.

Ingersoll Rand announced that its board 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 repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

IR has been the topic of several research analyst reports. Evercore ISI reduced their price target on shares of 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. Stifel Nicolaus decreased their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, April 14th. 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. Barclays lowered their target price on shares of 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 raised their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.91.

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.

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