Ingersoll Rand Inc. $IR Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Ingersoll Rand Inc. by 19.4%, owning 23,131 shares worth approximately $2,012,000 as of its latest SEC filing.
• Ingersoll Rand's stock price rose by 2.3% and opened at $82.38, with the company's market cap reaching $32.74 billion.
• The company reported earnings of $0.80 EPS for the last quarter, meeting analysts' expectations, and recorded a 4.6% increase in quarterly revenue compared to the previous year.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,131 shares of the industrial products company's stock after buying an additional 3,758 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ingersoll Rand were worth $2,012,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IR. Compass Wealth Management LLC grew its stake 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 purchasing an additional 137 shares during the last quarter. Golden State Wealth Management LLC grew its stake 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 purchasing an additional 313 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake 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 purchasing an additional 172 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 285 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Up 2.3%

Ingersoll Rand stock opened at $82.38 on Monday. 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 1-year low of $65.61 and a 1-year high of $106.03. The company has a market cap of $32.74 billion, a PE ratio of 64.36, a price-to-earnings-growth ratio of 4.64 and a beta of 1.40. The stock's 50 day moving average price is $80.58 and its 200 day moving average price is $80.31.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.Ingersoll Rand's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. 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 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand's payout ratio is presently 6.25%.

Analysts Set New Price Targets

IR has been the topic of several analyst reports. Wells Fargo & Company lifted their target price 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 downgraded Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the company a "hold" rating in a research note on Monday, August 4th. Robert W. Baird lifted their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Citigroup restated a "buy" rating and issued a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.75.

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.

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