Lbp Am Sa Reduces Position in Ingersoll Rand Inc. $IR

Key Points

• Lbp Am Sa reduced its holdings in Ingersoll Rand Inc. by 58.9% during the second quarter, now owning 47,756 shares worth approximately $3.97 million.
• Ingersoll Rand reported earnings of $0.80 per share for the last quarter, meeting analyst expectations, and had a revenue of $1.89 billion, up 4.6% from the previous year.
• The company has recently set its FY 2025 earnings guidance at $3.340 to $3.460 per share, with analysts predicting an average of $3.32 earnings per share for the current year.

Lbp Am Sa cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 58.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,756 shares of the industrial products company's stock after selling 68,308 shares during the period. Lbp Am Sa's holdings in Ingersoll Rand were worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Asio Capital LLC boosted its position in shares of Ingersoll Rand by 4.0% during the second quarter. Asio Capital LLC now owns 47,643 shares of the industrial products company's stock valued at $3,963,000 after buying an additional 1,844 shares during the last quarter. GC Wealth Management RIA LLC boosted its position in Ingersoll Rand by 46.8% in the second quarter. GC Wealth Management RIA LLC now owns 8,689 shares of the industrial products company's stock worth $723,000 after purchasing an additional 2,769 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Ingersoll Rand by 5.3% in the second quarter. V Square Quantitative Management LLC now owns 11,401 shares of the industrial products company's stock worth $948,000 after purchasing an additional 569 shares during the last quarter. Worth Financial Advisory Group LLC purchased a new position in Ingersoll Rand in the second quarter worth about $203,000. Finally, Signaturefd LLC boosted its position in Ingersoll Rand by 11.4% in the second quarter. Signaturefd LLC now owns 15,497 shares of the industrial products company's stock worth $1,289,000 after purchasing an additional 1,583 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 0.8%

Ingersoll Rand stock opened at $84.18 on Friday. The firm has a 50 day moving average of $80.38 and a 200 day moving average of $80.37. The firm has a market capitalization of $33.46 billion, a price-to-earnings ratio of 65.77, a P/E/G ratio of 4.71 and a beta of 1.43. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were issued 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 of this dividend was Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is 6.25%.

Analyst Ratings Changes

IR has been the topic of several research reports. Wells Fargo & Company raised their target price on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the stock a "hold" rating in a research report on Monday, August 4th. Robert W. Baird raised their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Morgan Stanley dropped their target price 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. Finally, Melius cut Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.75.

About Ingersoll Rand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.