Ingersoll Rand Inc. $IR Stock Holdings Raised by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its holdings in Ingersoll Rand Inc. by 8.5% during the 2nd quarter, bringing their total shares to 82,827, valued at approximately $6.89 million.
• Multiple institutional investors have increased their positions in Ingersoll Rand, with Wellington Management Group increasing its stake by 7.8% and T. Rowe Price by 28.8% during the 1st quarter.
• Ingersoll Rand has reported earnings meeting analyst expectations at $0.80 EPS for the last quarter and set FY 2025 guidance at 3.340-3.460 EPS.

IFM Investors Pty Ltd boosted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,827 shares of the industrial products company's stock after acquiring an additional 6,468 shares during the quarter. IFM Investors Pty Ltd's holdings in Ingersoll Rand were worth $6,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its holdings in 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 acquiring an additional 137 shares during the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of Ingersoll Rand by 325.0% during 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 in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Ingersoll Rand by 190.9% during 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 in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Ingersoll Rand by 54.4% during 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 in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Ingersoll Rand by 136.4% during 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 in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analysts Set New Price Targets

IR has been the topic of several recent research reports. Barclays reduced their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Robert W. Baird lifted their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Morgan Stanley reduced their target price on shares of 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 restated a "buy" rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.75.

Ingersoll Rand Stock Down 1.0%

Ingersoll Rand stock traded down $0.84 during midday trading on Tuesday, hitting $80.96. 2,076,785 shares of the stock were exchanged, compared to its average volume of 3,023,616. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The firm has a market cap of $32.18 billion, a P/E ratio of 63.21, a P/E/G ratio of 4.60 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. The company has a 50 day moving average price of $81.00 and a two-hundred day moving average price of $80.34.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results 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. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, sell-side 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 given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand's 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.