Running Oak Capital LLC Grows Position in Ingersoll Rand Inc. $IR

Key Points

• Running Oak Capital LLC increased its stake in Ingersoll Rand Inc. by 6.5% during the second quarter, now owning 190,661 shares valued at approximately $15.86 million.
• Ingersoll Rand reported earnings of $0.80 per share, matching analyst estimates, with a revenue of $1.89 billion, which is 4.6% higher year-over-year.
• The company has announced a quarterly dividend of $0.02 per share, which resulted in an annualized yield of 0.1%.

Running Oak Capital LLC grew its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,661 shares of the industrial products company's stock after purchasing an additional 11,673 shares during the quarter. Running Oak Capital LLC's holdings in Ingersoll Rand were worth $15,859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rathbones Group PLC raised its position in shares of Ingersoll Rand by 1.4% in the first 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 period. EP Wealth Advisors LLC raised its holdings 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 worth $474,000 after purchasing an additional 136 shares during the period. 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 worth $28,000 after purchasing an additional 137 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in Ingersoll Rand by 0.7% in the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company's stock valued at $1,556,000 after purchasing an additional 138 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Ingersoll Rand by 5.3% in 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 in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

IR opened at $83.98 on Monday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The firm has a market capitalization of $33.38 billion, a PE ratio of 65.61, a PEG ratio of 4.92 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. The firm's 50-day moving average price is $80.29 and its 200 day moving average price is $80.36.

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 for the quarter, hitting analysts' consensus estimates of $0.80. The business 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 business's revenue was up 4.6% on a year-over-year basis. During the same period 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, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IR. Robert W. Baird increased their target price on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ingersoll Rand in a research note on Saturday, September 27th. Morgan Stanley reduced their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Finally, Melius cut 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. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

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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