Linden Thomas Advisory Services LLC Boosts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Linden Thomas Advisory Services LLC raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,016 shares of the industrial products company’s stock after purchasing an additional 1,364 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ingersoll Rand were worth $1,084,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its holdings in Ingersoll Rand by 17.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 173 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Ingersoll Rand by 11.9% during the third quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 191 shares during the period. Pinnacle Associates Ltd. raised its position in Ingersoll Rand by 4.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 193 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in Ingersoll Rand by 3.3% in the third quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 194 shares during the period. Finally, Parsons Capital Management Inc. RI boosted 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 purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $92.50 on Thursday. The firm’s 50-day moving average is $91.54 and its two-hundred day moving average is $79.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The stock has a market capitalization of $37.32 billion, a P/E ratio of 48.68, a P/E/G ratio of 3.16 and a beta of 1.44. Ingersoll Rand Inc. has a 12-month low of $53.24 and a 12-month high of $96.17.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Equities analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.21%.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now directly owns 91,957 shares in the company, valued at $8,290,843.12. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock worth $26,374,789 in the last 90 days. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

IR has been the subject of several recent analyst reports. Evercore ISI cut shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Cfra upped their price target on Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. BNP Paribas began coverage on Ingersoll Rand in a report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 target price on the stock. Finally, Citigroup lifted their price target on Ingersoll Rand from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average target price of $92.73.

About Ingersoll Rand

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.