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

A number of other hedge funds have also modified their holdings of the company. Compass Wealth Management LLC grew 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 worth $28,000 after acquiring an additional 137 shares during the period. Global Wealth Strategies & Associates raised its holdings in shares of Ingersoll Rand by 325.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after buying an additional 286 shares during the period. Golden State Wealth Management LLC grew its stake in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after purchasing an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock worth $39,000 after acquiring an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 285 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of NYSE IR traded up $0.17 during midday trading on Tuesday, hitting $81.97. 473,949 shares of the company's stock were exchanged, compared to its average volume of 3,016,830. The firm has a market cap of $32.58 billion, a P/E ratio of 64.18, a PEG ratio of 4.60 and a beta of 1.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The stock's 50 day moving average price is $81.00 and its 200-day moving average price is $80.34.

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, hitting analysts' consensus estimates of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid 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 payout ratio is 6.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. 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. Melius downgraded Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Citigroup reissued a "buy" rating and set a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Finally, Wells Fargo & Company raised their price target on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand currently has an average rating of "Moderate Buy" and an average 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.