Mn Services Vermogensbeheer B.V. Has $11.72 Million Position in Ingersoll Rand Inc. (NYSE:IR)

Mn Services Vermogensbeheer B.V. trimmed its position in Ingersoll Rand Inc. (NYSE:IR) by 7.2% during the first quarter, HoldingsChannel.com reports. The fund owned 146,400 shares of the industrial products company’s stock after selling 11,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Ingersoll Rand were worth $11,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates lifted its position in Ingersoll Rand by 325.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 286 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in shares of Ingersoll Rand in the 4th quarter valued at about $38,000. Farmers & Merchants Investments Inc. grew its holdings in Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 172 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $42,000. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total transaction of $293,230.00. Following the completion of the transaction, the insider now owns 10,986 shares in the company, valued at $920,407.08. This represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vicente Reynal sold 38,657 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total transaction of $3,209,690.71. Following the completion of the sale, the insider now directly owns 193,186 shares of the company’s stock, valued at approximately $16,040,233.58. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of research reports. Evercore ISI decreased 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 research note on Wednesday, February 19th. Robert W. Baird boosted 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. Citigroup upped their target price on Ingersoll Rand from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. 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 note on Monday, May 5th. Finally, Barclays reduced their price objective on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.91.

Ingersoll Rand Stock Performance

NYSE IR opened at $80.44 on Monday. The company’s 50 day simple moving average is $78.27 and its two-hundred day simple moving average is $85.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The stock has a market capitalization of $32.45 billion, a PE ratio of 39.05, a P/E/G ratio of 3.50 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted $0.78 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date was Thursday, May 15th. Ingersoll Rand’s dividend payout ratio is currently 3.96%.

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.