Nomura Holdings Inc. Acquires 204,481 Shares of Ingersoll Rand Inc. (NYSE:IR)

Nomura Holdings Inc. boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3,010.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,274 shares of the industrial products company’s stock after acquiring an additional 204,481 shares during the quarter. Nomura Holdings Inc. owned 0.05% of Ingersoll Rand worth $16,340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd bought a new stake in Ingersoll Rand during the fourth quarter worth about $27,000. Scarborough Advisors LLC bought a new stake in Ingersoll Rand during the fourth quarter worth about $32,000. Wetzel Investment Advisors Inc. bought a new stake in Ingersoll Rand during the fourth quarter worth about $42,000. CVA Family Office LLC bought a new stake in Ingersoll Rand during the fourth quarter worth about $71,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Ingersoll Rand by 17.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after buying an additional 173 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of several research analyst reports. Evercore ISI cut shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $81.00 to $89.00 in a research note on Tuesday, February 20th. BNP Paribas initiated coverage on shares of Ingersoll Rand in a research note on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price target on the stock. Stifel Nicolaus reissued 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 decreased 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, May 6th. Finally, StockNews.com cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average price target of $95.82.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 198,486 shares of Ingersoll Rand stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $88.11, for a total transaction of $17,488,601.46. Following the transaction, the insider now directly owns 100,367 shares of the company’s stock, valued at $8,843,336.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Andrew R. Schiesl sold 22,369 shares of Ingersoll Rand stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the transaction, the insider now directly owns 30,846 shares of the company’s stock, valued at $2,843,075.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Vicente Reynal sold 198,486 shares of Ingersoll Rand stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $88.11, for a total transaction of $17,488,601.46. Following the transaction, the insider now directly owns 100,367 shares in the company, valued at $8,843,336.37. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR stock opened at $94.57 on Wednesday. Ingersoll Rand Inc. has a 52-week low of $59.20 and a 52-week high of $96.67. The stock has a market cap of $38.15 billion, a PE ratio of 47.05, a PEG ratio of 3.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.71 and a current ratio of 2.32. The firm’s 50 day moving average price is $91.84 and its two-hundred day moving average price is $86.63.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Ingersoll Rand had a net margin of 11.85% and a return on equity of 12.57%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.18 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th were paid a $0.02 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s payout ratio is presently 3.98%.

Ingersoll Rand announced that its board has approved a stock repurchase plan on Thursday, April 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.