Occudo Quantitative Strategies LP Acquires New Position in Ingersoll Rand Inc. (NYSE:IR)

Occudo Quantitative Strategies LP acquired a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,484 shares of the industrial products company's stock, valued at approximately $3,210,000. Ingersoll Rand comprises about 0.6% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently modified their holdings of IR. Chicago Partners Investment Group LLC raised its holdings in shares of Ingersoll Rand by 4.7% during the fourth 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. raised its stake in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after buying an additional 127 shares during the period. RDA Financial Network boosted its holdings in Ingersoll Rand by 3.1% in the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company's stock worth $391,000 after acquiring an additional 128 shares in the last quarter. FSM Wealth Advisors LLC increased its holdings in shares of Ingersoll Rand by 5.8% during 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. Finally, Park Avenue Securities LLC lifted its holdings in shares of Ingersoll Rand by 3.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company's stock worth $388,000 after purchasing an additional 136 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total value of $293,230.00. Following the sale, the insider now owns 10,986 shares of the company's stock, valued at $920,407.08. This trade represents a 24.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.59% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Performance

Shares of IR stock traded up $1.03 during trading on Friday, reaching $84.03. 2,206,494 shares of the company's stock traded hands, compared to its average volume of 2,616,015. The company has a market capitalization of $33.90 billion, a P/E ratio of 40.79, a PEG 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. The firm's 50-day moving average is $76.99 and its 200 day moving average is $88.24. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly 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 the consensus estimate of $1.73 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Ingersoll Rand's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand announced that its board has authorized a stock buyback plan 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 buy up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.02 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.96%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird lifted their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price target on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup increased their price target on Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Evercore ISI cut their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company raised 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of "Moderate Buy" and a consensus price target of $98.91.

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.