Dimensional Fund Advisors LP Acquires 14,282 Shares of Ingersoll Rand Inc. $IR

Key Points

• Dimensional Fund Advisors LP increased its ownership in Ingersoll Rand by 0.4% in the 1st quarter, holding approximately 3.6 million shares valued at $288 million.
• Insider Vicente Reynal sold 38,657 shares at $83.03 per share, reducing their holdings by 16.67%, while institutional investors own 95.27% of the company's stock.
• Ingersoll Rand reported quarterly earnings of $0.80 per share and shares a quarterly dividend of $0.02, while the company has authorized a $1 billion share buyback plan.

Dimensional Fund Advisors LP grew its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600,999 shares of the industrial products company's stock after purchasing an additional 14,282 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of Ingersoll Rand worth $288,136,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Wealth Management LLC lifted its holdings in shares of Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 137 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings 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 acquiring an additional 286 shares during the period. Golden State Wealth Management LLC lifted its holdings 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 acquiring an additional 313 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings 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 acquiring an additional 172 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Ingersoll Rand by 136.4% during the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock worth $39,000 after acquiring an additional 285 shares during the period. Institutional investors own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

IR has been the topic of a number of recent analyst reports. Melius Research set a $93.00 price target on Ingersoll Rand in a report on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the stock a "hold" rating in a report on Monday, August 4th. Robert W. Baird lifted their price target on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Morgan Stanley dropped their price target on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Finally, Citigroup reissued a "buy" rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $97.75.

Ingersoll Rand Stock Performance

Shares of NYSE IR traded down $0.5540 during mid-day trading on Wednesday, hitting $79.2860. The company had a trading volume of 2,989,487 shares, compared to its average volume of 2,966,289. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 4.45 and a beta of 1.41. 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 stock's 50-day moving average price is $83.21 and its 200-day moving average price is $81.62.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. 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 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is 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 announced that its board has initiated a stock buyback plan on Thursday, May 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.