MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 2,954 Shares of Ingersoll Rand Inc. (NYSE:IR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,783 shares of the industrial products company’s stock after buying an additional 2,954 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.07% of Ingersoll Rand worth $20,556,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management bought a new stake in Ingersoll Rand during the 3rd quarter worth about $25,000. Quintet Private Bank Europe S.A. bought a new stake in Ingersoll Rand during the 3rd quarter worth about $28,000. Pacifica Partners Inc. bought a new stake in Ingersoll Rand during the 3rd quarter worth about $28,000. Lazard Asset Management LLC raised its holdings in Ingersoll Rand by 1,566.7% during the 2nd quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 423 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Ingersoll Rand during the 3rd quarter worth about $32,000. 95.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Scheske sold 7,590 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the completion of the sale, the chief accounting officer now directly 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 worth $26,374,789 over the last ninety days. 0.83% of the stock is owned by corporate insiders.

Ingersoll Rand Trading Down 0.3 %

Shares of IR traded down $0.31 during mid-day trading on Friday, reaching $94.95. 2,557,113 shares of the company were exchanged, compared to its average volume of 2,371,870. The business has a 50 day simple moving average of $87.79 and a two-hundred day simple moving average of $75.67. Ingersoll Rand Inc. has a 52 week low of $53.24 and a 52 week high of $96.17. The stock has a market capitalization of $38.31 billion, a PE ratio of 49.97, a PEG ratio of 3.42 and a beta of 1.44. 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 announced its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. On average, analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $102.00 price objective on shares of Ingersoll Rand in a research report on Tuesday. Evercore ISI lowered Ingersoll Rand from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $81.00 to $89.00 in a research report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Citigroup boosted their price objective on Ingersoll Rand from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

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.