Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 18.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 16,775 shares of the industrial products company’s stock after buying an additional 2,650 shares during the period. Consilium Wealth Advisory LLC’s holdings in Ingersoll Rand were worth $1,342,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IR. QRG Capital Management Inc. lifted its stake in Ingersoll Rand by 9.4% during the 1st quarter. QRG Capital Management Inc. now owns 7,669 shares of the industrial products company’s stock worth $614,000 after acquiring an additional 660 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Ingersoll Rand during the 1st quarter worth about $262,000. Asio Capital LLC lifted its stake in Ingersoll Rand by 6.1% during the 1st quarter. Asio Capital LLC now owns 45,799 shares of the industrial products company’s stock worth $3,665,000 after acquiring an additional 2,621 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Ingersoll Rand by 27.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,898 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 625 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Ingersoll Rand by 26.8% during the 1st quarter. Sound Income Strategies LLC now owns 3,052 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 645 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IR. Wells Fargo & Company increased their target price on Ingersoll Rand from $80.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Barclays decreased their target price on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Robert W. Baird increased their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Citigroup upped their price target on Ingersoll Rand from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, Evercore ISI cut their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average target price of $98.91.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.57 on Tuesday. The stock’s 50-day moving average is $78.57 and its two-hundred day moving average is $85.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.29 and a quick ratio of 1.71. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand’s payout ratio is currently 3.96%.

Ingersoll Rand declared that its board has initiated a share repurchase program on Thursday, May 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total transaction of $293,230.00. Following the transaction, the insider now owns 10,986 shares in the company, valued at $920,407.08. This trade represents a 24.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vicente Reynal sold 38,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $83.03, for a total value of $3,209,690.71. Following the transaction, the insider now owns 193,186 shares in the company, valued at $16,040,233.58. This represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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.