Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 38.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,671 shares of the industrial products company’s stock after purchasing an additional 461 shares during the quarter. Lindbrook Capital LLC’s holdings in Ingersoll Rand were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IR. Adage Capital Partners GP L.L.C. increased its stake in shares of Ingersoll Rand by 101.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company’s stock valued at $108,328,000 after acquiring an additional 854,314 shares during the last quarter. FMR LLC increased its stake in shares of Ingersoll Rand by 3.4% during the 3rd quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock valued at $1,222,789,000 after acquiring an additional 627,146 shares during the last quarter. Barclays PLC increased its stake in shares of Ingersoll Rand by 59.8% during the 3rd quarter. Barclays PLC now owns 876,284 shares of the industrial products company’s stock valued at $55,836,000 after acquiring an additional 327,931 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Ingersoll Rand by 7,475.8% during the 4th quarter. International Assets Investment Management LLC now owns 281,518 shares of the industrial products company’s stock valued at $21,773,000 after acquiring an additional 277,802 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Ingersoll Rand by 45.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 796,696 shares of the industrial products company’s stock valued at $50,765,000 after acquiring an additional 248,634 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vicente Reynal sold 240,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the sale, 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. In the last ninety days, insiders have sold 293,011 shares of company stock valued at $26,374,789. Corporate insiders own 0.83% of the company’s stock.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $90.56 on Wednesday. The stock has a market cap of $36.54 billion, a P/E ratio of 47.66, a price-to-earnings-growth ratio of 3.09 and a beta of 1.44. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $91.42 and a 200-day moving average of $79.27. Ingersoll Rand Inc. has a 52 week low of $53.24 and a 52 week 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, beating the consensus estimate of $0.74 by $0.09. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. On average, analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared 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. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio is currently 4.21%.

Analyst Upgrades and Downgrades

IR has been the subject of a number of research analyst reports. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Wells Fargo & Company boosted their target price on Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. StockNews.com upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Sunday, April 7th. The Goldman Sachs Group boosted their target price on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, UBS Group boosted their target price on Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.73.

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.