Russell Investments Group Ltd. Has $23.24 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Russell Investments Group Ltd. decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 300,332 shares of the industrial products company’s stock after selling 12,048 shares during the period. Russell Investments Group Ltd.’s holdings in Ingersoll Rand were worth $23,238,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund raised its position in shares of Ingersoll Rand by 297.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 75,353 shares of the industrial products company’s stock valued at $5,828,000 after buying an additional 56,394 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Ingersoll Rand by 3.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 163,162 shares of the industrial products company’s stock valued at $12,691,000 after purchasing an additional 6,042 shares in the last quarter. Consilium Wealth Advisory LLC lifted its position in Ingersoll Rand by 17.5% during the fourth quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company’s stock worth $1,150,000 after purchasing an additional 2,210 shares during the period. Natixis Advisors L.P. grew its stake in Ingersoll Rand by 8.6% during the third quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company’s stock worth $8,706,000 after buying an additional 10,840 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Ingersoll Rand by 2.3% in the 3rd quarter. Hsbc Holdings PLC now owns 568,633 shares of the industrial products company’s stock valued at $36,222,000 after buying an additional 13,036 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IR. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Cfra upped their target price on Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Barclays lifted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. BNP Paribas assumed coverage on Ingersoll Rand in a research report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price objective for the company. Finally, StockNews.com cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average target price of $92.73.

Insider Buying and Selling

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction that occurred on 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 owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Andrew R. Schiesl sold 35,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the transaction, the insider now directly owns 16,525 shares of the company’s stock, valued at approximately $1,478,326.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 10,421 shares of the firm’s stock in a transaction that occurred 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 approximately $4,398,914.80. The disclosure for this sale can be found here. Insiders have sold a total of 293,011 shares of company stock valued at $26,374,789 over the last ninety days. 0.83% of the stock is owned by company insiders.

Ingersoll Rand Trading Down 0.4 %

IR opened at $92.95 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand Inc. has a fifty-two week low of $55.86 and a fifty-two week high of $96.17. The company’s 50 day moving average price is $91.99 and its two-hundred day moving average price is $80.34. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 48.92, a PEG ratio of 3.25 and a beta of 1.44.

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

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is 4.21%.

Ingersoll Rand declared that its board has initiated a share repurchase program on Thursday, April 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.