Aberdeen Group plc Boosts Holdings in Ingersoll Rand Inc. $IR

Key Points

• Aberdeen Group plc has increased its stake in Ingersoll Rand Inc. by 3.2%, owning approximately 0.12% of the company worth $38.975 million after purchasing 14,425 additional shares in Q2.
• Ingersoll Rand reported a quarterly EPS of $0.80, meeting consensus estimates, with a revenue of $1.89 billion, surpassing analyst expectations of $1.85 billion.
• The company announced a quarterly dividend of $0.02, equating to an annualized yield of 0.1%, with a payout ratio currently at 6.25%.

Aberdeen Group plc grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,135 shares of the industrial products company's stock after purchasing an additional 14,425 shares during the quarter. Aberdeen Group plc owned approximately 0.12% of Ingersoll Rand worth $38,975,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IR. Rathbones Group PLC lifted its stake in Ingersoll Rand by 1.4% in the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock worth $724,000 after acquiring an additional 121 shares during the period. EP Wealth Advisors LLC lifted its stake in Ingersoll Rand by 2.4% in the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock worth $474,000 after acquiring an additional 136 shares during the period. Compass Wealth Management LLC lifted its stake in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after acquiring an additional 137 shares during the period. AdvisorNet Financial Inc lifted its stake in Ingersoll Rand by 0.7% in the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock worth $1,556,000 after acquiring an additional 138 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Ingersoll Rand by 5.3% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock worth $235,000 after purchasing an additional 147 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $76.05 on Monday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The company's 50 day moving average is $79.88 and its 200 day moving average is $80.30. 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 market cap of $30.23 billion, a PE ratio of 59.41, a price-to-earnings-growth ratio of 4.49 and a beta of 1.43.

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

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand's dividend payout ratio is currently 6.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Barclays reduced their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a report on Monday, July 14th. Citigroup reiterated a "buy" rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Morgan Stanley reduced their target price on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

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.

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