Okabena Investment Services Inc. Purchases 6,000 Shares of Ingersoll Rand Inc. $IR

Key Points

• Okabena Investment Services Inc. has increased its stake in Ingersoll Rand by 200.0% during the 1st quarter, now owning 9,000 shares valued at $720,000.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have also increased their positions in Ingersoll Rand, indicating strong institutional interest.
• Analysts have recently adjusted their price targets for Ingersoll Rand, with estimates ranging from $91.00 to $104.00, and a consensus rating of "Hold".

Okabena Investment Services Inc. raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 200.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,000 shares of the industrial products company's stock after purchasing an additional 6,000 shares during the period. Okabena Investment Services Inc.'s holdings in Ingersoll Rand were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC increased its stake in shares of 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 purchasing an additional 137 shares in the last quarter. Global Wealth Strategies & Associates increased its stake in shares of Ingersoll Rand by 325.0% during the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Ingersoll Rand by 136.4% during the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IR shares. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target for the company. in a research report on Monday, July 14th. Citigroup reissued a "buy" rating and set a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Barclays reduced their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, Melius Research set a $93.00 price target on shares of 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $97.75.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock traded down $0.82 on Monday, hitting $79.44. 1,923,003 shares of the company's stock were exchanged, compared to its average volume of 2,805,934. The company has a 50-day simple moving average of $82.98 and a 200-day simple moving average of $80.86. The stock has a market capitalization of $31.57 billion, a PE ratio of 62.07, a PEG ratio of 4.48 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 company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued 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. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is currently 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.