MBB Public Markets I LLC Takes $310,000 Position 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 1st quarter, according to the company in its most recent Form 13F filing 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 large investors have also recently modified their holdings of the stock. Rathbones Group PLC grew its position in Ingersoll Rand by 1.4% in the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock valued at $724,000 after acquiring an additional 121 shares during the last quarter. EP Wealth Advisors LLC grew its position in Ingersoll Rand by 2.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock valued at $474,000 after acquiring an additional 136 shares during the last quarter. Compass Wealth Management LLC grew its position 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 last quarter. Signature Estate & Investment Advisors LLC grew its position in Ingersoll Rand by 5.3% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock valued at $235,000 after acquiring an additional 147 shares during the last quarter. Finally, CWM LLC grew its position in Ingersoll Rand by 1.5% in the 1st quarter. CWM LLC now owns 10,655 shares of the industrial products company's stock valued at $853,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 0.6%

Shares of NYSE IR opened at $80.15 on Thursday. 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 stock has a market capitalization of $31.85 billion, a P/E ratio of 62.61, a price-to-earnings-growth ratio of 4.51 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. The business has a fifty day moving average price of $82.21 and a 200 day moving average price of $80.57.

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

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on IR. Morgan Stanley cut 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. Melius downgraded Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a research report on Monday, July 14th. Citigroup reiterated 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. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the stock a "hold" rating in a research report on Monday, August 4th. Finally, Melius Research set a $93.00 price target on Ingersoll Rand in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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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