Capital Fund Management S.A. Has $10.93 Million Stock Position in Ingersoll Rand Inc. $IR

Key Points

• Capital Fund Management S.A. increased its stake in Ingersoll Rand Inc. by 147.3%, acquiring an additional 81,365 shares during the first quarter, which brought its total holdings to 136,590 shares valued at approximately $10.93 million.
• The company announced a quarterly dividend of $0.02 per share to be paid on September 4th, with an ex-dividend date of August 14th, reflecting a 0.1% dividend yield.
• Ingersoll Rand reported $0.80 earnings per share for the last quarter, meeting analysts' expectations, and generated $1.89 billion in revenue, up 4.6% compared to the previous year.

Capital Fund Management S.A. raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 147.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,590 shares of the industrial products company's stock after purchasing an additional 81,365 shares during the quarter. Capital Fund Management S.A.'s holdings in Ingersoll Rand were worth $10,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IR. Nuveen LLC bought a new position in shares of Ingersoll Rand in the first quarter valued at approximately $211,408,000. GAMMA Investing LLC raised its stake in shares of Ingersoll Rand by 7,137.0% in the first quarter. GAMMA Investing LLC now owns 1,307,370 shares of the industrial products company's stock valued at $1,046,290,000 after acquiring an additional 1,289,305 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ingersoll Rand by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock valued at $1,580,196,000 after acquiring an additional 866,759 shares during the last quarter. Northern Trust Corp raised its stake in shares of Ingersoll Rand by 18.2% in the fourth quarter. Northern Trust Corp now owns 4,042,854 shares of the industrial products company's stock valued at $365,717,000 after acquiring an additional 622,246 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ingersoll Rand by 1.3% in the first quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company's stock valued at $3,702,946,000 after acquiring an additional 585,455 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IR. 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 research note on Monday, August 4th. Melius cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Barclays dropped their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research report on Monday, July 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $97.75.

Ingersoll Rand Trading Up 4.0%

Shares of Ingersoll Rand stock traded up $3.1090 on Friday, hitting $80.5590. 2,184,448 shares of the company's stock traded hands, compared to its average volume of 3,453,888. The firm's 50-day moving average price is $83.04 and its two-hundred day moving average price is $81.34. The stock has a market capitalization of $32.02 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 4.55 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 has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand declared that its Board of Directors has initiated 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 leadership believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.02 per share. 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 presently 6.25%.

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.