Dohj LLC Takes Position in Ingersoll Rand Inc. $IR

Key Points

• Dohj LLC acquired a new stake in Ingersoll Rand Inc. by purchasing 3,835 shares, valued at approximately $319,000, during the second quarter.
• Analysts have varying views on the stock, with Wells Fargo raising its price objective to $95.00 while Morgan Stanley lowered its target to $85.00, showcasing a range of "Buy" to "Hold" ratings among analysts.
• Ingersoll Rand reported $0.80 EPS, meeting analyst expectations, with a year-over-year revenue increase of 4.6%, totaling $1.89 billion for the quarter.

Dohj LLC purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,835 shares of the industrial products company's stock, valued at approximately $319,000.

A number of other institutional investors have also made changes to their positions in IR. Merit Financial Group LLC increased its holdings in shares of Ingersoll Rand by 12.3% in the 1st quarter. Merit Financial Group LLC now owns 2,841 shares of the industrial products company's stock worth $227,000 after acquiring an additional 312 shares during the period. Wedmont Private Capital raised its position in Ingersoll Rand by 9.4% in the first quarter. Wedmont Private Capital now owns 6,693 shares of the industrial products company's stock worth $489,000 after acquiring an additional 574 shares in the last quarter. UMB Bank n.a. boosted its holdings in Ingersoll Rand by 56.0% during the first quarter. UMB Bank n.a. now owns 933 shares of the industrial products company's stock worth $75,000 after buying an additional 335 shares in the last quarter. Farther Finance Advisors LLC grew its position in Ingersoll Rand by 29.3% during the first quarter. Farther Finance Advisors LLC now owns 2,945 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 667 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Ingersoll Rand during the first quarter worth $303,000. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on IR shares. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley decreased their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Melius Research set a $93.00 price objective on Ingersoll Rand in a research report on Monday, July 14th. Robert W. Baird raised their target price on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Stifel Nicolaus set a $78.00 price objective on Ingersoll Rand and gave the company a "hold" rating in a research report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Ingersoll Rand Stock Performance

NYSE:IR opened at $80.99 on Wednesday. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. 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 has a market capitalization of $32.19 billion, a PE ratio of 63.27, a price-to-earnings-growth ratio of 4.90 and a beta of 1.43. The firm has a 50-day moving average price of $80.08 and a 200 day moving average price of $80.38.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) 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 business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the prior year, the firm posted $0.83 EPS. Ingersoll Rand's quarterly 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 anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.