Lion Street Advisors LLC Boosts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Lion Street Advisors LLC raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 43.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,227 shares of the industrial products company’s stock after purchasing an additional 1,898 shares during the quarter. Lion Street Advisors LLC’s holdings in Ingersoll Rand were worth $498,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $1,520,000. Vanguard Group Inc. grew its holdings in Ingersoll Rand by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company’s stock worth $4,132,576,000 after acquiring an additional 446,591 shares during the period. Magnetar Financial LLC acquired a new stake in Ingersoll Rand during the fourth quarter worth about $4,788,000. Atria Wealth Solutions Inc. grew its holdings in Ingersoll Rand by 62.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 10,959 shares of the industrial products company’s stock worth $991,000 after acquiring an additional 4,197 shares during the period. Finally, Siemens Fonds Invest GmbH grew its holdings in Ingersoll Rand by 243.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 15,221 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 10,792 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $80.63 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.76 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $78.72 and its two-hundred day moving average is $85.01. The company has a market capitalization of $32.53 billion, a P/E ratio of 39.92, a P/E/G ratio of 3.25 and a beta of 1.44. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Ingersoll Rand had a return on equity of 12.33% and a net margin of 11.30%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $0.78 EPS. Ingersoll Rand’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 annualized dividend and a dividend yield of 0.10%. Ingersoll Rand’s dividend payout ratio is presently 3.96%.

Ingersoll Rand announced that its board has initiated a stock repurchase program on Thursday, May 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently commented on IR shares. Stifel Nicolaus dropped their target price on Ingersoll Rand from $94.00 to $77.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Evercore ISI dropped their target price 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. Barclays dropped their target price on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on Ingersoll Rand from $80.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Robert W. Baird raised their target price on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.91.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 10,986 shares of the company’s stock, valued at $920,407.08. This trade represents a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vicente Reynal sold 38,657 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 193,186 shares of the company’s stock, valued at approximately $16,040,233.58. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.