Capital Fund Management S.A. Buys 81,365 Shares of 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. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 147.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC.

Several other institutional investors have also recently added to or reduced their stakes in IR. NewEdge Advisors LLC boosted its stake in shares of Ingersoll Rand by 25.6% during the 4th quarter. NewEdge Advisors LLC now owns 5,886 shares of the industrial products company's stock worth $532,000 after acquiring an additional 1,198 shares in the last quarter. GeoWealth Management LLC boosted its position in Ingersoll Rand by 10.2% in the 4th quarter. GeoWealth Management LLC now owns 1,726 shares of the industrial products company's stock valued at $156,000 after buying an additional 160 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Ingersoll Rand by 6.6% in the 4th quarter. MML Investors Services LLC now owns 52,436 shares of the industrial products company's stock valued at $4,743,000 after purchasing an additional 3,248 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Ingersoll Rand by 3.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 33,297 shares of the industrial products company's stock worth $3,012,000 after purchasing an additional 1,011 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Ingersoll Rand by 8.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 7,910 shares of the industrial products company's stock valued at $716,000 after acquiring an additional 592 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on IR. Wells Fargo & Company boosted 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. Melius Research set a $93.00 price target on shares of Ingersoll Rand in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the stock a "hold" rating in a report on Monday, August 4th. Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Barclays cut their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.75.

Ingersoll Rand Stock Down 0.6%

Shares of IR traded down $0.52 during midday trading on Wednesday, reaching $80.61. The stock had a trading volume of 310,232 shares, compared to its average volume of 2,939,614. 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 market cap of $32.04 billion, a price-to-earnings ratio of 63.01, a PEG ratio of 4.50 and a beta of 1.41. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company's fifty day simple moving average is $83.01 and its two-hundred day simple moving average is $81.18.

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. 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 the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company'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. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand declared that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is 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.