Ingersoll Rand Inc. $IR Shares Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its holdings in Ingersoll Rand Inc. by 36.7% during the first quarter, bringing its total to 80,599 shares valued at approximately $6.45 million.
• Ingersoll Rand reported a net margin of 7.10% and revenue of $1.89 billion in its latest quarter, exceeding analysts' expectations, with a quarterly EPS of $0.80.
• Shares of Ingersoll Rand have an average rating of "Hold" among analysts, with a consensus target price of $97.75, reflecting mixed sentiments on the stock's future performance.

Candriam S.C.A. increased its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 36.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,599 shares of the industrial products company's stock after acquiring an additional 21,652 shares during the quarter. Candriam S.C.A.'s holdings in Ingersoll Rand were worth $6,450,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IR. Compass Wealth Management LLC increased its holdings in shares of Ingersoll Rand by 62.8% in the 1st 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 period. Global Wealth Strategies & Associates increased its holdings in shares of Ingersoll Rand by 325.0% in 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 during the period. Golden State Wealth Management LLC increased its holdings in shares of Ingersoll Rand by 190.9% in 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 during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of Ingersoll Rand by 54.4% in 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 during the period. Finally, Larson Financial Group LLC grew its position in Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after buying an additional 285 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IR shares. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research report on Monday, July 14th. Barclays lowered their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Wells Fargo & Company lifted their price objective on shares of Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the company a "hold" rating in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $97.75.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $77.3820 on Friday. The firm has a market capitalization of $30.76 billion, a P/E ratio of 60.46, a PEG ratio of 4.46 and a beta of 1.41. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company's fifty day moving average is $83.03 and its two-hundred day moving average is $81.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 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 business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's revenue for the quarter 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. Analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Ingersoll Rand Announces Dividend

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 given a $0.02 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand's payout ratio is currently 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.

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