GDS Wealth Management Has $10.47 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

GDS Wealth Management raised its stake in Ingersoll Rand Inc. (NYSE:IR) by 13.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 135,340 shares of the industrial products company’s stock after purchasing an additional 16,452 shares during the quarter. Ingersoll Rand makes up 1.4% of GDS Wealth Management’s holdings, making the stock its 28th largest position. GDS Wealth Management’s holdings in Ingersoll Rand were worth $10,467,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IR. Adage Capital Partners GP L.L.C. increased its stake in Ingersoll Rand by 101.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company’s stock valued at $108,328,000 after buying an additional 854,314 shares during the period. FMR LLC increased its stake in shares of Ingersoll Rand by 3.4% during the 3rd quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock worth $1,222,789,000 after purchasing an additional 627,146 shares during the last quarter. Barclays PLC increased its stake in shares of Ingersoll Rand by 59.8% during the 3rd quarter. Barclays PLC now owns 876,284 shares of the industrial products company’s stock worth $55,836,000 after purchasing an additional 327,931 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Ingersoll Rand by 7,475.8% during the 4th quarter. International Assets Investment Management LLC now owns 281,518 shares of the industrial products company’s stock worth $21,773,000 after purchasing an additional 277,802 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Ingersoll Rand by 45.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 796,696 shares of the industrial products company’s stock worth $50,765,000 after purchasing an additional 248,634 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the topic of several analyst reports. Stifel Nicolaus restated a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a research note on Tuesday, March 26th. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $105.00 to $98.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of Ingersoll Rand from $105.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday. Evercore ISI lowered shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and raised their target price for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. Finally, Citigroup raised their target price on shares of Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target of $95.82.

Ingersoll Rand Price Performance

IR traded up $0.25 on Thursday, hitting $91.00. 2,390,312 shares of the stock were exchanged, compared to its average volume of 2,592,602. Ingersoll Rand Inc. has a 12 month low of $56.49 and a 12 month high of $96.17. The business has a 50-day moving average of $91.92 and a two-hundred day moving average of $81.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.71. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 3.02 and a beta of 1.40.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.98%.

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

Insider Transactions at Ingersoll Rand

In other news, insider Vicente Reynal sold 240,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were 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 owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the transaction, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider now directly owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by insiders.

Ingersoll Rand Company 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.