Greenleaf Trust Grows Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Greenleaf Trust increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,803 shares of the industrial products company’s stock after buying an additional 261 shares during the period. Greenleaf Trust’s holdings in Ingersoll Rand were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AIA Group Ltd boosted its holdings in Ingersoll Rand by 28.1% during the fourth quarter. AIA Group Ltd now owns 8,655 shares of the industrial products company’s stock worth $669,000 after buying an additional 1,899 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in Ingersoll Rand by 3.0% during the fourth quarter. Waterfront Wealth Inc. now owns 10,366 shares of the industrial products company’s stock worth $802,000 after buying an additional 303 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Ingersoll Rand by 45.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,402 shares of the industrial products company’s stock worth $108,000 after buying an additional 441 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Ingersoll Rand by 4.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 47,059 shares of the industrial products company’s stock valued at $3,639,000 after purchasing an additional 1,858 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ingersoll Rand by 43.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 258,229 shares of the industrial products company’s stock valued at $19,971,000 after purchasing an additional 78,253 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the transaction, the insider now owns 48,904 shares in the company, valued at $4,398,914.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Michael J. Scheske sold 7,590 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the completion of the sale, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at $854,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total transaction of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock worth $26,374,789 over the last 90 days. Corporate insiders own 0.83% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $90.56 on Wednesday. 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 firm has a fifty day moving average price of $91.42 and a 200 day moving average price of $79.27. The company has a market cap of $36.54 billion, a P/E ratio of 47.66, a PEG ratio of 3.08 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 quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a $0.02 dividend. 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 is presently 4.21%.

Wall Street Analysts Forecast Growth

IR has been the topic of several recent analyst reports. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $81.00 to $89.00 in a report on Tuesday, February 20th. Barclays lifted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. UBS Group lifted their price target on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Stifel Nicolaus reiterated a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.