Rafferty Asset Management LLC Has $2.62 Million Stake in Ingersoll Rand Inc. $IR

Key Points

• Rafferty Asset Management LLC reduced its stake in Ingersoll Rand Inc. by 17.3%, selling 6,820 shares and ending with a total of 32,699 shares valued at approximately $2.6 million.
• Analyst ratings for Ingersoll Rand show a mix of opinions, with a consensus rating of "Hold" and a target price averaging $97.75, indicating varying confidence among analysts.
• The company reported earnings of $0.80 per share for the last quarter, meeting expectations, with a year-over-year revenue increase of 4.6% to $1.89 billion.

Rafferty Asset Management LLC decreased its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,699 shares of the industrial products company's stock after selling 6,820 shares during the period. Rafferty Asset Management LLC's holdings in Ingersoll Rand were worth $2,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Wealth Management LLC raised its stake in 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 first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Ingersoll Rand by 190.9% in the first 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 period. Farmers & Merchants Investments Inc. lifted its stake 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 worth $39,000 after buying an additional 172 shares during the last quarter. Finally, Larson Financial Group LLC boosted 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 worth $39,000 after buying an additional 285 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the topic of several research analyst reports. Barclays lowered their price target 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 increased their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Citigroup reissued a "buy" rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Wells Fargo & Company upped their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley lowered their price objective on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.75.

Ingersoll Rand Price Performance

Shares of NYSE IR traded up $0.74 during mid-day trading on Thursday, reaching $78.12. The company had a trading volume of 236,367 shares, compared to its average volume of 2,904,258. The firm has a market cap of $31.05 billion, a price-to-earnings ratio of 61.07, a PEG ratio of 4.50 and a beta of 1.40. The business's 50-day simple moving average is $82.69 and its 200 day simple moving average is $80.77. 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 quick ratio of 1.63 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share 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 during the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. Ingersoll Rand's 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. On average, research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed 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. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 14th. 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.