Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in Ingersoll Rand Inc. (NYSE:IR) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,143 shares of the industrial products company’s stock after acquiring an additional 458 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $862,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of IR. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth $25,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Ingersoll Rand during the 4th quarter worth $27,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth $28,000. Clearstead Advisors LLC boosted its position in shares of Ingersoll Rand by 348.2% in the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock worth $31,000 after buying an additional 383 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Ingersoll Rand in the 3rd quarter worth about $32,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares of the company’s stock, valued at approximately $1,478,326.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Vicente Reynal sold 240,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the sale, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 35,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now directly owns 16,525 shares of the company’s stock, valued at approximately $1,478,326.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by corporate insiders.

Ingersoll Rand Trading Up 1.6 %

Shares of IR stock opened at $93.50 on Friday. The firm has a market cap of $37.72 billion, a P/E ratio of 49.21, a PEG ratio of 3.21 and a beta of 1.44. Ingersoll Rand Inc. has a 1-year low of $54.54 and a 1-year high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. The firm’s 50-day simple moving average is $91.70 and its 200-day simple moving average is $79.66.

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 the consensus estimate of $0.74 by $0.09. The business had revenue of $1.82 billion for 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%. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, May 15th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.21%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IR. StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Barclays boosted their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $102.00 target price on shares of Ingersoll Rand in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.73.

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.