Everpar Advisors LLC Takes Position in Ingersoll Rand Inc. (NYSE:IR)

Everpar Advisors LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,168 shares of the industrial products company’s stock, valued at approximately $322,000.

A number of other large investors have also recently bought and sold shares of the business. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $25,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Ingersoll Rand during the fourth quarter worth about $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Ingersoll Rand in the 3rd quarter worth about $28,000. Clearstead Advisors LLC lifted its position in Ingersoll Rand by 348.2% in the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 383 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Ingersoll Rand during the 3rd quarter valued at about $32,000. Institutional investors own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 7,590 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the sale, the chief accounting officer now owns 9,715 shares of the company’s stock, valued at approximately $854,920. The disclosure for this sale can be found here. Insiders sold a total of 293,011 shares of company stock valued at $26,374,789 over the last ninety days. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IR. Stifel Nicolaus reaffirmed a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. Cfra increased their price target on Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. UBS Group lifted their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Evercore ISI cut shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and raised their target price for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $95.82.

Ingersoll Rand Price Performance

IR stock traded up $0.90 on Wednesday, hitting $90.75. 3,642,468 shares of the company’s stock traded hands, compared to its average volume of 2,594,872. Ingersoll Rand Inc. has a 1-year low of $56.49 and a 1-year high of $96.17. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 3.02 and a beta of 1.40. The stock has a fifty day moving average of $91.90 and a 200-day moving average of $81.21. The company has a current ratio of 2.32, a quick ratio of 1.71 and a debt-to-equity ratio of 0.27.

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. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. On average, analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand declared that its Board of Directors has approved a stock buyback 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 reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

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

Ingersoll Rand 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.