Aberdeen Group plc Has $35.84 Million Holdings in Ingersoll Rand Inc. $IR

Key Points

• Aberdeen Group plc has increased its stake in Ingersoll Rand Inc. by 72.2%, now owning 452,710 shares valued at approximately $35.84 million.
• Ingersoll Rand announced a quarterly dividend of $0.02 per share to be paid on September 4, with an annualized yield of 0.1%.
• Research analysts have mixed views on Ingersoll Rand, with a consensus target price of $97.75 and a majority giving it a "hold" rating.

Aberdeen Group plc increased its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 72.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 452,710 shares of the industrial products company's stock after buying an additional 189,847 shares during the period. Aberdeen Group plc owned about 0.11% of Ingersoll Rand worth $35,841,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Compass Wealth Management LLC lifted its position in Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in Ingersoll Rand by 325.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 313 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Ingersoll Rand by 54.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 172 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR traded down $0.5540 during midday trading on Wednesday, reaching $79.2860. The company's stock had a trading volume of 2,989,487 shares, compared to its average volume of 2,966,289. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $83.21 and a 200 day moving average price of $81.62. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company has a market cap of $31.51 billion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 4.45 and a beta of 1.41.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand announced that its board has initiated a share buyback plan on Thursday, May 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's payout ratio is currently 6.25%.

Analysts Set New Price Targets

Several brokerages recently weighed in on IR. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Morgan Stanley cut their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target on the stock. in a research report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Citigroup restated a "buy" rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand presently has an average rating of "Hold" and an average price target of $97.75.

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.