Ninety One UK Ltd Acquires New Shares in Ingersoll Rand Inc. $IR

Key Points

• Ninety One UK Ltd has acquired approximately 91,365 shares of Ingersoll Rand Inc., valued at around $7.6 million, during the second quarter.
• The average consensus target price for Ingersoll Rand shares is $97.75, with several analysts issuing a mix of buy and hold ratings.
• Ingersoll Rand's latest quarterly earnings report showed $0.80 earnings per share and revenues of $1.89 billion, performing in line with analyst expectations.

Ninety One UK Ltd bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,365 shares of the industrial products company's stock, valued at approximately $7,600,000.

Other large investors have also recently made changes to their positions in the company. Rathbones Group PLC lifted its holdings in shares of Ingersoll Rand by 1.4% in the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock worth $724,000 after acquiring an additional 121 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Ingersoll Rand by 2.4% in the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company's stock worth $474,000 after purchasing an additional 136 shares during the last quarter. Compass Wealth Management LLC boosted its position in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock valued at $28,000 after buying an additional 137 shares during the period. AdvisorNet Financial Inc boosted its position in Ingersoll Rand by 0.7% during the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock valued at $1,556,000 after buying an additional 138 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company's stock valued at $235,000 after buying an additional 147 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the subject of a number of recent research reports. Citigroup reissued a "buy" rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius downgraded Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on Ingersoll Rand and gave the company a "hold" rating in a research note on Monday, August 4th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Barclays lowered their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.75.

Ingersoll Rand Trading Up 1.1%

NYSE:IR opened at $83.55 on Thursday. The company has a 50-day moving average price of $80.43 and a 200-day moving average price of $80.36. The stock has a market cap of $33.20 billion, a price-to-earnings ratio of 65.27, a P/E/G ratio of 4.66 and a beta of 1.43. 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 Inc. has a 12 month low of $65.61 and a 12 month 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. Ingersoll Rand's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.02 dividend. 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 dividend payout ratio is presently 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.

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