Raiffeisen Bank International AG Acquires Shares of 30,541 Ingersoll Rand Inc. (NYSE:IR)

Raiffeisen Bank International AG purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,541 shares of the industrial products company's stock, valued at approximately $2,765,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. Murphy & Mullick Capital Management Corp acquired a new stake in Ingersoll Rand during the 4th quarter worth approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of Ingersoll Rand during the fourth quarter worth $38,000. Lee Danner & Bass Inc. purchased a new position in Ingersoll Rand in the fourth quarter valued at $42,000. Ancora Advisors LLC boosted its holdings in Ingersoll Rand by 144.8% in 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 period. Finally, Millstone Evans Group LLC acquired a new position in Ingersoll Rand during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Down 1.8%

Shares of NYSE IR traded down $1.46 during mid-day trading on Wednesday, reaching $81.46. The company had a trading volume of 1,218,857 shares, compared to its average volume of 2,608,579. The firm has a 50 day simple moving average of $77.12 and a two-hundred day simple moving average of $87.92. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. 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 stock has a market cap of $32.87 billion, a P/E ratio of 39.58, a PEG ratio of 3.50 and a beta of 1.42.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly 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). The firm had revenue of $1.72 billion for 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 company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

Ingersoll Rand announced that its board has approved a share buyback program on Thursday, May 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IR. Evercore ISI reduced their price target on 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. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup boosted their price target on shares of Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays reduced their price objective on shares of Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird boosted their target price on shares of Ingersoll Rand from $105.00 to $111.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average price target of $98.91.

Insider Buying and Selling

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $83.78, for a total transaction of $293,230.00. Following the sale, the insider now owns 10,986 shares of the company's stock, valued at approximately $920,407.08. The trade was a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently 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.