Mn Services Vermogensbeheer B.V. Buys 4,300 Shares of Ingersoll Rand Inc. $IR

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Ingersoll Rand by 2.9%, acquiring an additional 4,300 shares, bringing its total holdings to 150,700 shares valued at approximately $12.5 million.
• Ingersoll Rand reported earnings of $0.80 EPS for the last quarter, matching analyst expectations, with a revenue of $1.89 billion, reflecting a year-over-year growth of 4.6%.
• The company recently announced a quarterly dividend of $0.02 per share, with a current yield of 0.1% and a payout ratio of 6.25%.

Mn Services Vermogensbeheer B.V. lifted its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,700 shares of the industrial products company's stock after purchasing an additional 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Ingersoll Rand were worth $12,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its position in shares of Ingersoll Rand by 28.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock valued at $1,426,654,000 after purchasing an additional 3,989,643 shares during the last quarter. Nuveen LLC purchased a new stake in Ingersoll Rand during the first quarter valued at $211,408,000. Price T Rowe Associates Inc. MD increased its position in shares of Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock valued at $1,536,464,000 after purchasing an additional 1,849,030 shares during the last quarter. GAMMA Investing LLC raised its position in Ingersoll Rand by 7,137.0% in the 1st quarter. GAMMA Investing LLC now owns 1,307,370 shares of the industrial products company's stock worth $1,046,290,000 after purchasing an additional 1,289,305 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Ingersoll Rand by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock valued at $1,580,196,000 after acquiring an additional 866,759 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of IR traded up $0.16 on Tuesday, reaching $81.96. The stock had a trading volume of 473,949 shares, compared to its average volume of 3,016,830. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $32.58 billion, a PE ratio of 64.18, a PEG ratio of 4.60 and a beta of 1.40. The firm has a 50-day moving average of $81.00 and a 200 day moving average of $80.34. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03.

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, meeting analysts' consensus estimates of $0.80. The company had revenue of $1.89 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's payout ratio is 6.25%.

Analysts Set New Price Targets

A number of research firms have commented on IR. Citigroup reissued a "buy" rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Robert W. Baird raised their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted 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. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a report on Monday, July 14th. Finally, Stifel Nicolaus set a $78.00 price target on shares of Ingersoll Rand and gave the stock a "hold" rating in a research report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.