Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 722.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,779 shares of the industrial products company's stock after acquiring an additional 323,074 shares during the period. Tudor Investment Corp ET AL owned 0.09% of Ingersoll Rand worth $33,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at $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 fourth quarter worth about $42,000. Millstone Evans Group LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $50,000. Finally, UMB Bank n.a. grew its stake in shares of 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 buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Up 0.7 %

NYSE:IR traded up $0.51 during mid-day trading on Friday, hitting $76.72. 4,538,945 shares of the company's stock traded hands, compared to its average volume of 2,611,054. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The company has a market capitalization of $30.92 billion, a P/E ratio of 37.24, a P/E/G ratio of 3.50 and a beta of 1.40. 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 company has a fifty day moving average of $77.70 and a 200 day moving average of $89.52.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.72 EPS 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 return on equity of 12.78% and a net margin of 11.59%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is 3.88%.

Ingersoll Rand declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

IR has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 note on Monday, April 14th. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays lowered their price target on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and a consensus price target of $100.36.

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.