OMERS ADMINISTRATION Corp Has $9.80 Million Holdings in Ingersoll Rand Inc. $IR

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Ingersoll Rand Inc. by 8.4% during the 1st quarter, acquiring an additional 9,511 shares, bringing its total holdings to 122,485 shares worth approximately $9.8 million.
• Ingersoll Rand has recently received price target adjustments from several analysts, with targets ranging from $78.00 to $104.00 and an average rating of "Hold".
• The company has announced a quarterly dividend of $0.02 per share and has authorized a share buyback program worth $1 billion to enhance shareholder value.

OMERS ADMINISTRATION Corp raised its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 8.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,485 shares of the industrial products company's stock after acquiring an additional 9,511 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Ingersoll Rand were worth $9,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Ingersoll Rand by 325.0% in the 1st 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 during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 313 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Ingersoll Rand by 54.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 172 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Down 1.0%

IR traded down $0.82 during trading on Monday, reaching $79.44. The company had a trading volume of 1,923,003 shares, compared to its average volume of 2,805,934. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The business's fifty day moving average price is $82.98 and its 200 day moving average price is $80.86. The company has a market cap of $31.57 billion, a P/E ratio of 62.07, a PEG ratio of 4.48 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting analysts' consensus estimates of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business's 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 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.02 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is 6.25%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IR shares. Robert W. Baird raised their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Morgan Stanley reduced their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Wells Fargo & Company lifted their price objective on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Melius lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a research note on Monday, July 14th. Six 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 has an average rating of "Hold" and an average target price of $97.75.

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.