Ingersoll Rand Inc. $IR Holdings Lowered by Carderock Capital Management Inc.

Key Points

• Carderock Capital Management Inc. reduced its stake in Ingersoll Rand Inc. by 15.7% in Q2, ending with 56,682 shares valued at $4.71 million.
• Various institutional investors increased their positions in Ingersoll Rand, with notable increases such as Compass Wealth Management LLC raising their stake by 62.8% in Q1.
• Analysts have set a consensus price target of $97.75 for Ingersoll Rand, with ratings varying from "buy" to "hold" across several firms.

Carderock Capital Management Inc. lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 15.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,682 shares of the industrial products company's stock after selling 10,571 shares during the period. Carderock Capital Management Inc.'s holdings in Ingersoll Rand were worth $4,715,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Compass Wealth Management LLC raised its stake in shares of 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 acquiring an additional 137 shares during the period. Global Wealth Strategies & Associates raised its stake 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 acquiring an additional 286 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 313 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of Ingersoll Rand by 54.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 172 shares during the period. Finally, Larson Financial Group LLC raised 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 period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IR shares. Melius Research set a $93.00 price target on shares of Ingersoll Rand in a research note on Monday, July 14th. Robert W. Baird lifted their price target on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Morgan Stanley dropped their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Melius lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.75.

Ingersoll Rand Stock Performance

Shares of NYSE IR traded down $0.37 during midday trading on Tuesday, hitting $81.43. The company's stock had a trading volume of 781,006 shares, compared to its average volume of 3,018,038. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The firm's fifty day moving average price is $81.00 and its 200-day moving average price is $80.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The firm has a market cap of $32.36 billion, a P/E ratio of 63.61, a P/E/G ratio of 4.60 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. Ingersoll Rand's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

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.