Robeco Institutional Asset Management B.V. Sells 330,691 Shares of Ingersoll Rand Inc. (NYSE:IR)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435,751 shares of the industrial products company's stock after selling 330,691 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Ingersoll Rand worth $33,701,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in Ingersoll Rand by 17.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company's stock valued at $88,000 after acquiring an additional 173 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Ingersoll Rand by 4.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company's stock worth $335,000 after buying an additional 193 shares in the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of Ingersoll Rand by 3.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 6,399 shares of the industrial products company's stock worth $495,000 after buying an additional 200 shares during the period. Huntington National Bank boosted its stake in Ingersoll Rand by 7.1% in the 3rd quarter. Huntington National Bank now owns 3,269 shares of the industrial products company's stock valued at $208,000 after buying an additional 218 shares in the last quarter. Finally, Fulton Bank N.A. grew its position in Ingersoll Rand by 6.3% in the fourth quarter. Fulton Bank N.A. now owns 3,944 shares of the industrial products company's stock valued at $305,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Trading Up 1.4 %

Ingersoll Rand stock traded up $1.25 during trading hours on Friday, reaching $92.65. 3,170,890 shares of the company's stock traded hands, compared to its average volume of 3,133,243. The firm has a market capitalization of $37.38 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.99 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.71 and a current ratio of 2.32. Ingersoll Rand Inc. has a fifty-two week low of $56.49 and a fifty-two week high of $96.17. The firm's 50 day moving average is $92.03 and its 200-day moving average is $82.68.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.76 billion. On average, analysts predict that Ingersoll Rand Inc. will post 3.14 earnings per share for the current year.

Ingersoll Rand declared that its Board of Directors has authorized a stock repurchase program on Thursday, April 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand's dividend payout ratio is currently 3.98%.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the transaction, the chief accounting officer now owns 9,715 shares of the company's stock, valued at approximately $854,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Michael J. Scheske sold 7,590 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now owns 9,715 shares of the company's stock, valued at $854,920. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the sale, the insider now directly owns 16,525 shares of the company's stock, valued at $1,478,326.50. The disclosure for this sale can be found here. Insiders sold a total of 293,011 shares of company stock valued at $26,374,789 over the last three months. Company insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

IR has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Ingersoll Rand from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $105.00 to $98.00 and set an "overweight" rating for the company in a report on Monday, May 6th. Stifel Nicolaus reaffirmed a "buy" rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $87.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Finally, StockNews.com lowered Ingersoll Rand from a "buy" rating to a "hold" rating in a research note on Saturday, May 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.82.

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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