Susquehanna Fundamental Investments LLC Purchases New Holdings in Ingersoll Rand Inc. (NYSE:IR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 111,245 shares of the industrial products company's stock, valued at approximately $10,063,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Ingersoll Rand during the 3rd quarter valued at $864,000. Pine Valley Investments Ltd Liability Co raised its holdings in Ingersoll Rand by 11.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,043 shares of the industrial products company's stock valued at $299,000 after buying an additional 309 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Ingersoll Rand during the 3rd quarter worth about $562,000. Franklin Resources Inc. raised its holdings in shares of Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company's stock worth $1,207,554,000 after buying an additional 278,710 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Ingersoll Rand during the third quarter worth $2,193,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Evercore ISI reduced their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Citigroup cut their price objective on Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird raised their target price on Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus decreased their target price 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.36.

Ingersoll Rand Stock Up 0.7 %

NYSE IR traded up $0.53 during trading on Friday, reaching $76.74. 2,886,546 shares of the company's stock were exchanged, compared to its average volume of 2,604,825. The company's fifty day simple moving average is $77.70 and its 200-day simple moving average is $89.52. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The firm has a market capitalization of $30.93 billion, a PE ratio of 37.26, a P/E/G ratio of 3.50 and a beta of 1.40. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its 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). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm's revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 annualized dividend and a yield of 0.10%. Ingersoll Rand's payout ratio is 3.88%.

Ingersoll Rand announced 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 purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.