MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $25.16 Million Stake in Ingersoll Rand Inc. (NYSE:IR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,983 shares of the industrial products company’s stock after selling 800 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.07% of Ingersoll Rand worth $25,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd bought a new position in shares of Ingersoll Rand in the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda acquired a new stake in Ingersoll Rand in the fourth quarter valued at $28,000. Riverview Trust Co bought a new position in shares of Ingersoll Rand during the first quarter worth about $29,000. Scarborough Advisors LLC acquired a new position in shares of Ingersoll Rand in the fourth quarter worth approximately $32,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $42,000. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IR shares. Citigroup boosted their price target on shares of Ingersoll Rand from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays lowered their price objective on Ingersoll Rand from $105.00 to $104.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $102.00 price objective on shares of Ingersoll Rand in a research note on Tuesday, March 26th. StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, BNP Paribas initiated coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price target for the company. Four equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

Insider Activity

In other news, insider Andrew R. Schiesl sold 22,369 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.17, for a total value of $2,061,750.73. Following the sale, the insider now directly owns 30,846 shares of the company’s stock, valued at $2,843,075.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Vicente Reynal sold 198,486 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $88.11, for a total value of $17,488,601.46. Following the transaction, the insider now directly owns 100,367 shares in the company, valued at $8,843,336.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 22,369 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 30,846 shares in the company, valued at $2,843,075.82. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Ingersoll Rand Stock Up 1.3 %

Shares of IR traded up $1.12 during trading hours on Tuesday, reaching $90.66. 1,088,827 shares of the stock traded hands, compared to its average volume of 2,687,022. Ingersoll Rand Inc. has a 52 week low of $59.20 and a 52 week high of $96.67. The company has a current ratio of 2.32, a quick ratio of 1.71 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $92.01 and a 200 day simple moving average of $87.80. The company has a market cap of $36.57 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 2.65 and a beta of 1.45.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Ingersoll Rand had a return on equity of 12.57% and a net margin of 11.85%. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.19 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 16th were paid a $0.02 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio is 3.98%.

Ingersoll Rand declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management 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.