AG2R LA Mondiale Gestion D Actifs Invests $1.38 Million in Ingersoll Rand Inc. $IR

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $1.38 million in Ingersoll Rand Inc., acquiring 16,852 shares of the company.
• Ingersoll Rand reported $0.80 earnings per share for the last quarter, meeting analysts' estimates, with revenue of $1.89 billion, above projections.
• The company announced a quarterly dividend of $0.02 per share, reflecting an annualized dividend yield of 0.1%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,852 shares of the industrial products company's stock, valued at approximately $1,376,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rathbones Group PLC grew its holdings in shares of Ingersoll Rand by 1.4% during the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock worth $724,000 after purchasing an additional 121 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 2.4% during the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock worth $474,000 after purchasing an additional 136 shares in the last quarter. Compass Wealth Management LLC grew its holdings in shares of Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of Ingersoll Rand by 5.3% during 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. Finally, CWM LLC grew its holdings in shares of Ingersoll Rand by 1.5% during the first quarter. CWM LLC now owns 10,655 shares of the industrial products company's stock worth $853,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $78.87 on Friday. The firm has a market cap of $31.35 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.40. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The business has a 50 day moving average price of $81.93 and a 200-day moving average price of $80.51.

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

Ingersoll Rand Announces Dividend

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

Analysts Set New Price Targets

IR has been the subject of several research reports. Robert W. Baird upped their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a research note on Monday, July 14th. Citigroup reaffirmed a "buy" rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Morgan Stanley cut their target price on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Hold" and a consensus target price of $97.75.

About Ingersoll Rand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.