Stifel Financial Corp Increases Holdings in Ingersoll Rand Inc. (NYSE:IR)

Stifel Financial Corp boosted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,062 shares of the industrial products company's stock after buying an additional 4,830 shares during the period. Stifel Financial Corp's holdings in Ingersoll Rand were worth $13,303,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Ingersoll Rand during the fourth quarter worth about $36,000. OFI Invest Asset Management purchased a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $38,000. Lee Danner & Bass Inc. acquired a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $42,000. Millstone Evans Group LLC purchased a new position in Ingersoll Rand in the 4th quarter valued at approximately $50,000. Finally, UMB Bank n.a. raised its holdings in Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 1.3 %

Shares of IR stock traded up $0.97 during trading hours on Friday, hitting $77.18. 2,489,796 shares of the company were exchanged, compared to its average volume of 2,603,131. The firm has a fifty day moving average of $77.70 and a 200 day moving average of $89.52. The company has a quick ratio of 1.71, a current ratio of 2.29 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The firm has a market cap of $31.11 billion, a PE ratio of 37.44, a PEG ratio of 3.50 and a beta of 1.40.

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

Ingersoll Rand announced that its board has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

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 issued 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 3.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their price target on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating for the company in a report on Monday, April 14th. 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 report on Wednesday, February 19th. Barclays dropped their price objective 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, Citigroup reduced their target price on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently 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.