MBB Public Markets I LLC Makes New $310,000 Investment in Ingersoll Rand Inc. $IR

Key Points

• MBB Public Markets I LLC purchased a new stake in Ingersoll Rand Inc., acquiring 3,871 shares valued at approximately $310,000 in the first quarter.
• Ingersoll Rand reported $0.80 earnings per share for its latest quarter, meeting analysts' estimates, and achieved revenue of $1.89 billion, surpassing expectations.
• The stock has a market capitalization of $31.85 billion and has seen significant interest from institutional investors who own 95.27% of its stock.

MBB Public Markets I LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,871 shares of the industrial products company's stock, valued at approximately $310,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Ingersoll Rand by 1.3% during the first quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company's stock worth $3,702,946,000 after acquiring an additional 585,455 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Ingersoll Rand by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock worth $1,580,196,000 after acquiring an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ingersoll Rand by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock worth $1,536,464,000 after acquiring an additional 1,849,030 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Ingersoll Rand by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock worth $1,426,654,000 after acquiring an additional 3,989,643 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Ingersoll Rand by 7.8% during the first quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company's stock worth $341,018,000 after acquiring an additional 307,557 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Shares of IR traded down $1.12 during mid-day trading on Tuesday, hitting $77.93. 816,683 shares of the company traded hands, compared to its average volume of 2,931,828. The stock has a 50-day moving average price of $81.78 and a two-hundred day moving average price of $80.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The stock has a market cap of $30.97 billion, a price-to-earnings ratio of 60.86, a P/E/G ratio of 4.44 and a beta of 1.40. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm earned $0.83 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's payout ratio is currently 6.25%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a "hold" rating in a report on Monday, August 4th. Citigroup reaffirmed a "buy" rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, 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 report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" 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.