Ingersoll Rand Inc. $IR Shares Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Ingersoll Rand Inc. by 56.2%, purchasing an additional 60,097 shares to bring its total holdings to 167,037 shares, valued at approximately $13.37 million.
• Ingersoll Rand's earnings reports show a 4.6% revenue increase year-over-year, with earnings per share meeting analyst expectations at $0.80 for the quarter.
• The company also recently declared a quarterly dividend of $0.02 per share, resulting in an annualized dividend yield of 0.1% and a payout ratio of 6.25%.

Gotham Asset Management LLC grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 56.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167,037 shares of the industrial products company's stock after buying an additional 60,097 shares during the period. Gotham Asset Management LLC's holdings in Ingersoll Rand were worth $13,368,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IR. Compass Wealth Management LLC increased its position in shares of Ingersoll Rand by 62.8% during the 1st 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 during the last quarter. Global Wealth Strategies & Associates lifted its position in Ingersoll Rand by 325.0% in the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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 valued at $38,000 after buying an additional 313 shares during the period. Farmers & Merchants Investments Inc. grew its stake in Ingersoll Rand by 54.4% in 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 period. Finally, Larson Financial Group LLC boosted its holdings in Ingersoll Rand by 136.4% in 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 in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Down 1.0%

IR stock traded down $0.81 during midday trading on Tuesday, hitting $79.57. The stock had a trading volume of 3,291,575 shares, compared to its average volume of 2,440,186. The firm has a market cap of $31.63 billion, a PE ratio of 62.16, a price-to-earnings-growth ratio of 4.55 and a beta of 1.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The company's 50-day moving average price is $82.34 and its 200 day moving average price is $80.58.

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, 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 net margin of 7.10% and a return on equity of 12.12%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business 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. 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 dividend payout ratio is 6.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IR. Morgan Stanley lowered their target price 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. Wells Fargo & Company raised their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target for the company. in a research note on Monday, July 14th. Citigroup reiterated a "buy" rating and issued a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Hold" and a consensus target price 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.