Banque Transatlantique SA Has $11.91 Million Stock Holdings in Ingersoll Rand Inc. $IR

Key Points

• Banque Transatlantique SA has reduced its stake in Ingersoll Rand Inc. by 66.4%, selling 318,622 shares and still holding 161,032 shares valued at approximately $11.91 million.
• Ingersoll Rand reported earnings of $0.80 per share for the latest quarter, meeting expectations, and revenue increased by 4.6% year-over-year to $1.89 billion.
• The company has announced a quarterly dividend of $0.02 per share, with a record date of August 14th, yielding an annualized 0.1%.

Banque Transatlantique SA reduced its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,032 shares of the industrial products company's stock after selling 318,622 shares during the period. Banque Transatlantique SA's holdings in Ingersoll Rand were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC lifted its stake 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 purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in Ingersoll Rand by 325.0% during the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock worth $30,000 after purchasing an additional 286 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Ingersoll Rand by 190.9% during the first 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 during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock worth $39,000 after purchasing an additional 172 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake 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 acquiring an additional 285 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Up 2.2%

Ingersoll Rand stock traded up $1.72 during trading hours on Friday, reaching $80.92. 3,149,678 shares of the company's stock were exchanged, compared to its average volume of 2,271,512. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $82.51 and its 200 day simple moving average is $80.65. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The firm has a market capitalization of $32.16 billion, a PE ratio of 63.22, a PEG ratio of 4.58 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly 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 last year, the business posted $0.83 EPS. The business'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. Research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a $0.02 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

IR has been the subject of a number of research reports. Melius Research set a $93.00 price target on Ingersoll Rand in a research note on Monday, July 14th. Barclays dropped their price target 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. Robert W. Baird increased their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their price target on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Citigroup reiterated a "buy" rating and issued a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" 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.