Czech National Bank Has $8.20 Million Stake in Ingersoll Rand Inc. $IR

Key Points

• The Czech National Bank increased its stake in Ingersoll Rand Inc. by 6.6%, acquiring an additional 6,085 shares, bringing its total to 98,620 shares worth approximately $8.2 million.
• Recent analyst ratings show a mixed outlook, with price targets for Ingersoll Rand varying significantly, ranging from Barclays' $91.00 to Morgan Stanley's lower target of $85.00.
• Ingersoll Rand reported earnings of $0.80 per share for Q2, meeting analyst expectations, with quarterly revenue increasing by 4.6% year-over-year, amounting to $1.89 billion.

Czech National Bank raised its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,620 shares of the industrial products company's stock after purchasing an additional 6,085 shares during the period. Czech National Bank's holdings in Ingersoll Rand were worth $8,203,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in shares of Ingersoll Rand by 30.1% during the fourth quarter. Quantinno Capital Management LP now owns 21,327 shares of the industrial products company's stock worth $1,929,000 after purchasing an additional 4,936 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Ingersoll Rand by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 136,862 shares of the industrial products company's stock valued at $12,380,000 after acquiring an additional 866 shares in the last quarter. State of Wyoming acquired a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $71,000. Squarepoint Ops LLC lifted its stake in Ingersoll Rand by 152.8% during the fourth quarter. Squarepoint Ops LLC now owns 259,215 shares of the industrial products company's stock worth $23,449,000 after purchasing an additional 156,665 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Ingersoll Rand by 10.0% in the fourth quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company's stock worth $905,000 after purchasing an additional 910 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

NYSE:IR traded up $0.25 during mid-day trading on Friday, reaching $81.78. 13,597,969 shares of the stock were exchanged, compared to its average volume of 2,895,086. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $32.50 billion, a PE ratio of 63.89, a PEG ratio of 4.60 and a beta of 1.40. The business has a fifty day moving average price of $81.12 and a 200 day moving average price of $80.42.

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. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued 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 was Thursday, August 14th. Ingersoll Rand's payout ratio is presently 6.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on IR. Robert W. Baird raised their price target on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Citigroup restated a "buy" rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius cut Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target on the stock. in a research report on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Finally, 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.