Baader Bank Aktiengesellschaft Takes $421,000 Position in Ingersoll Rand Inc. $IR

Key Points

• Baader Bank Aktiengesellschaft purchased 5,099 shares of Ingersoll Rand Inc. during the 2nd quarter, valued at approximately $421,000.
• Although some analysts, like Melius, downgraded Ingersoll Rand's rating, Citigroup raised its price target, indicating mixed signals in the market.
• Ingersoll Rand reported quarterly earnings that met analysts' estimates, with revenue up 4.6% compared to the same quarter the previous year.

Baader Bank Aktiengesellschaft bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,099 shares of the industrial products company's stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IR. Vanguard Group Inc. raised its stake in Ingersoll Rand by 1.3% during the first quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company's stock valued at $3,702,946,000 after buying an additional 585,455 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ingersoll Rand by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock worth $1,580,196,000 after purchasing an additional 866,759 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ingersoll Rand by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock worth $1,536,464,000 after purchasing an additional 1,849,030 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ingersoll Rand by 28.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock worth $1,426,654,000 after acquiring an additional 3,989,643 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Ingersoll Rand by 7.8% in the first quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company's stock worth $341,018,000 after acquiring an additional 307,557 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 0.3%

NYSE:IR traded up $0.25 during midday trading on Friday, hitting $81.78. The stock had a trading volume of 13,597,969 shares, compared to its average volume of 2,895,086. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company has a market capitalization of $32.50 billion, a price-to-earnings ratio of 63.89, a PEG ratio of 4.60 and a beta of 1.40. The stock has a 50-day moving average of $81.12 and a 200 day moving average of $80.39. 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 (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (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 company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Ingersoll Rand's 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. As a group, 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is 6.25%.

Wall Street Analysts Forecast Growth

IR has been the subject of several research analyst reports. Morgan Stanley cut 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. Citigroup reaffirmed a "buy" rating and issued a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Wells Fargo & Company lifted 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 price target on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, Robert W. Baird boosted their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.75.

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.