Amundi Sells 285,953 Shares of Ingersoll Rand Inc. $IR

Key Points

• Amundi has reduced its stake in Ingersoll Rand Inc. by 13.2%, selling 285,953 shares, and now holds approximately 1.88 million shares valued at $137.98 million.
• Several large investors have increased their positions in Ingersoll Rand, with the Canada Pension Plan Investment Board raising its stake by 142.1%, now owning 239,904 shares worth $19.2 million.
• Ingersoll Rand recently reported quarterly earnings of $0.80 EPS, matching analyst expectations, and announced a dividend of $0.02 per share, with a payout ratio of 6.25%.

Amundi lowered its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,876,775 shares of the industrial products company's stock after selling 285,953 shares during the period. Amundi owned about 0.47% of Ingersoll Rand worth $137,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rathbones Group PLC lifted its position in shares of Ingersoll Rand by 1.4% during the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock valued at $724,000 after buying an additional 121 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Ingersoll Rand by 2.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock valued at $474,000 after acquiring an additional 136 shares during the period. Compass Wealth Management LLC lifted its holdings in Ingersoll Rand by 62.8% during the first 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. CWM LLC boosted its position in 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 during the period. Finally, Rothschild Investment LLC increased its stake in shares of Ingersoll Rand by 33.5% in the first quarter. Rothschild Investment LLC now owns 654 shares of the industrial products company's stock worth $52,000 after purchasing an additional 164 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of IR traded up $0.80 during trading hours on Thursday, reaching $81.04. 4,317,796 shares of the company's stock traded hands, compared to its average volume of 2,438,309. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. 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 stock has a market cap of $32.21 billion, a PE ratio of 63.31, a price-to-earnings-growth ratio of 4.54 and a beta of 1.40. The firm's 50 day simple moving average is $82.09 and its 200-day simple moving average is $80.56.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting 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 last year, the firm posted $0.83 earnings per share. Ingersoll Rand's quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities analysts expect 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. Stockholders of record on Thursday, August 14th were issued 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 payout ratio is currently 6.25%.

Analyst Ratings Changes

IR has been the subject of a number of recent research reports. 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 note on Monday, August 4th. Melius cut Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target for the company. in a research report on Monday, July 14th. Wells Fargo & Company increased their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Barclays cut their target price on 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 reiterated 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company 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.