Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,940 shares of the industrial products company’s stock after purchasing an additional 807 shares during the period. Simplicity Solutions LLC’s holdings in Ingersoll Rand were worth $459,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd acquired a new position in Ingersoll Rand during the fourth quarter worth $27,000. OFI Invest Asset Management purchased a new stake in shares of Ingersoll Rand during the third quarter worth $25,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Ingersoll Rand during the third quarter worth $28,000. Lazard Asset Management LLC increased its position in shares of Ingersoll Rand by 1,566.7% during the second quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 423 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Ingersoll Rand during the third quarter worth $32,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $88.97 on Friday. The stock’s 50-day moving average is $91.20 and its two-hundred day moving average is $78.51. The firm has a market cap of $35.89 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 3.17 and a beta of 1.44. Ingersoll Rand Inc. has a 1 year low of $53.24 and a 1 year high of $96.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.22.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) 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 analyst estimates of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. Analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s payout ratio is 4.21%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IR. Barclays upped their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group upped their price objective on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Evercore ISI lowered Ingersoll Rand from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $81.00 to $89.00 in a research report on Tuesday, February 20th. Citigroup increased their target price on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, UBS Group increased their target price on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average price target of $92.73.

Insiders Place Their Bets

In other news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction dated 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 in the company, valued at $854,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction dated 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 in the company, valued at $854,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total transaction of $937,368.95. Following the sale, the insider now 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. Over the last 90 days, insiders have sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by insiders.

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.