AlphaQuest LLC Takes $604,000 Position in Ingersoll Rand Inc. $IR

Key Points

• AlphaQuest LLC acquired a new stake in Ingersoll Rand Inc., purchasing 7,548 shares valued at approximately $604,000 in the first quarter of the year.
• Ingersoll Rand recently reported earnings of $0.80 EPS for the last quarter, meeting analyst estimates, and announced a $1.00 billion share buyback plan as a sign of confidence in its stock valuation.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, increased their stakes in Ingersoll Rand, which is now largely owned (95.27%) by institutional investors.

AlphaQuest LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,548 shares of the industrial products company's stock, valued at approximately $604,000.

A number of other hedge funds also recently made changes to their positions in IR. NewEdge Advisors LLC raised its stake in shares of Ingersoll Rand by 25.6% during the fourth quarter. NewEdge Advisors LLC now owns 5,886 shares of the industrial products company's stock valued at $532,000 after purchasing an additional 1,198 shares during the period. MGO One Seven LLC raised its stake in shares of Ingersoll Rand by 18.1% during the fourth quarter. MGO One Seven LLC now owns 3,426 shares of the industrial products company's stock valued at $310,000 after purchasing an additional 524 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Ingersoll Rand by 59.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,884 shares of the industrial products company's stock worth $351,000 after buying an additional 1,453 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Ingersoll Rand in the fourth quarter worth $334,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Ingersoll Rand in the fourth quarter worth $4,794,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

IR stock traded down $0.82 during trading on Friday, hitting $79.44. 1,923,003 shares of the company's stock traded hands, compared to its average volume of 2,805,934. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The stock has a fifty day moving average price of $82.98 and a two-hundred day moving average price of $80.86. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 62.07, a price-to-earnings-growth ratio of 4.48 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm's revenue for the quarter 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. As a group, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus set a $78.00 price target on shares of Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Wells Fargo & Company lifted their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Robert W. Baird lifted their price target on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Barclays dropped their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Finally, Citigroup restated a "buy" rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company 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.