Cwm LLC Acquires 487 Shares of Ingersoll Rand Inc. (NYSE:IR)

Cwm LLC grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,675 shares of the industrial products company’s stock after acquiring an additional 487 shares during the quarter. Cwm LLC’s holdings in Ingersoll Rand were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Ingersoll Rand by 3.4% during the third quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock valued at $1,222,789,000 after buying an additional 627,146 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ingersoll Rand by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 11,547,716 shares of the industrial products company’s stock worth $735,821,000 after buying an additional 213,441 shares during the last quarter. Northern Trust Corp increased its holdings in Ingersoll Rand by 2.4% during the third quarter. Northern Trust Corp now owns 4,005,504 shares of the industrial products company’s stock worth $255,231,000 after buying an additional 95,559 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ingersoll Rand by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,059,347 shares of the industrial products company’s stock worth $131,222,000 after buying an additional 28,030 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Ingersoll Rand by 0.4% during the third quarter. Royal Bank of Canada now owns 2,020,934 shares of the industrial products company’s stock worth $128,773,000 after buying an additional 7,524 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at approximately $854,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 10,421 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 48,904 shares in the company, valued at $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 three months. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IR shares. Cfra lifted their target price on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. BNP Paribas began coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 target price for the company. Barclays raised their price objective 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 raised their price objective 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. Finally, Evercore ISI lowered shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $81.00 to $89.00 in a research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.73.

Ingersoll Rand Trading Down 0.1 %

Shares of Ingersoll Rand stock opened at $93.37 on Tuesday. The firm has a market cap of $37.67 billion, a PE ratio of 49.14, a PEG ratio of 3.26 and a beta of 1.44. 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 1 year low of $55.86 and a 1 year high of $96.17. The company has a 50 day simple moving average of $91.78 and a two-hundred day simple moving average of $80.05.

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

Ingersoll Rand announced that its Board of Directors has approved a share buyback plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

The company 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 $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Wednesday, May 15th. Ingersoll Rand’s payout ratio is 4.21%.

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.