Asset Management One Co. Ltd. Buys 5,177 Shares of Ingersoll Rand Inc. $IR

Key Points

• Asset Management One Co. Ltd. increased its stake in Ingersoll Rand Inc. by 2.5%, acquiring an additional 5,177 shares to own a total of 213,102 shares worth approximately $17.73 million.
• Ingersoll Rand's latest earnings report showed $0.80 earnings per share, meeting analysts' expectations, with quarterly revenue rising 4.6% year-over-year to $1.89 billion.
• The firm declared a quarterly dividend of $0.02 per share, with a payout ratio of 6.25%, and the dividend will be paid to stockholders of record on November 13.

Asset Management One Co. Ltd. grew its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,102 shares of the industrial products company's stock after acquiring an additional 5,177 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Ingersoll Rand worth $17,726,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Rathbones Group PLC lifted its stake in Ingersoll Rand by 1.4% in the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock valued at $724,000 after purchasing an additional 121 shares during the last quarter. EP Wealth Advisors LLC lifted 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 purchasing an additional 136 shares during the last quarter. Compass Wealth Management LLC lifted its stake 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. AdvisorNet Financial Inc lifted its stake in Ingersoll Rand by 0.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock valued at $1,556,000 after purchasing an additional 138 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its stake in Ingersoll Rand by 5.3% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 147 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 0.6%

NYSE IR opened at $79.86 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a 50 day moving average of $79.89 and a 200-day moving average of $80.54. The company has a market cap of $31.74 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 4.76 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly 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 company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm'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. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand's payout ratio is presently 6.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IR. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $78.00 to $79.00 and gave the company a "hold" rating in a research note on Monday, October 20th. 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 research note on Monday, July 14th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Morgan Stanley reduced their price objective on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Finally, Melius Research set a $93.00 price objective on Ingersoll Rand in a report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of "Moderate Buy" and a consensus price target of $98.09.

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.

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