Team Hewins LLC Invests $239,000 in Ingersoll Rand Inc. (NYSE:IR)

Team Hewins LLC bought a new position in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,091 shares of the industrial products company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avantax Planning Partners Inc. purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $204,000. Allstate Corp purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $209,000. CreativeOne Wealth LLC raised its holdings in shares of Ingersoll Rand by 21.8% during the fourth quarter. CreativeOne Wealth LLC now owns 5,888 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 1,055 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $301,000. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Ingersoll Rand by 25.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,741 shares of the industrial products company’s stock valued at $521,000 after purchasing an additional 1,363 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Insider Activity

In related news, insider Andrew R. Schiesl sold 22,369 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the completion of the transaction, the insider now directly owns 30,846 shares of the company’s stock, valued at $2,843,075.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Andrew R. Schiesl sold 22,369 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the completion of the transaction, the insider now directly owns 30,846 shares of the company’s stock, valued at $2,843,075.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the transaction, the insider now directly owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The disclosure for this sale can be found here. Insiders have sold 297,369 shares of company stock worth $26,831,251 in the last three months. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IR. Barclays decreased their price objective on shares of Ingersoll Rand from $105.00 to $104.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Stifel Nicolaus reissued a “buy” rating and set a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday, March 26th. StockNews.com cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. The Goldman Sachs Group upped their target price on shares of Ingersoll Rand from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Cfra upped their target price on shares of Ingersoll Rand from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.82.

Ingersoll Rand Price Performance

Shares of IR stock traded up $0.40 on Friday, hitting $95.50. 3,632,984 shares of the stock traded hands, compared to its average volume of 3,376,920. The firm has a market cap of $38.53 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 3.13 and a beta of 1.40. Ingersoll Rand Inc. has a 52 week low of $56.49 and a 52 week high of $96.67. The firm has a 50 day simple moving average of $92.50 and a two-hundred day simple moving average of $83.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.71.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.14 earnings per share for the current fiscal year.

Ingersoll Rand declared that its Board of Directors has approved a share repurchase program on Thursday, April 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

The company 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 is Wednesday, May 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is 3.98%.

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.