Stance Capital LLC Purchases Shares of 33,099 Ingersoll Rand Inc. $IR

Key Points

• Stance Capital LLC has invested approximately $2.65 million in Ingersoll Rand Inc., acquiring 33,099 shares, which represents about 1.9% of its holdings.
• Major institutional investors have also increased their positions in Ingersoll Rand, including Petrus Trust Company, which boosted its holdings by 57.0% during the first quarter.
• Ingersoll Rand's quarterly earnings report revealed an EPS of $0.80, meeting analysts' expectations, alongside a revenue increase of 4.6% year-over-year.

Stance Capital LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 33,099 shares of the industrial products company's stock, valued at approximately $2,649,000. Ingersoll Rand makes up 1.9% of Stance Capital LLC's portfolio, making the stock its 25th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC raised its stake 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 acquiring an additional 137 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in Ingersoll Rand by 325.0% in the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 286 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after buying an additional 313 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock worth $39,000 after acquiring an additional 172 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Ingersoll Rand by 136.4% in the first 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.

Wall Street Analysts Forecast Growth

IR has been the topic of several research analyst reports. 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. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a research report on Monday, July 14th. Morgan Stanley dropped their price objective on 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. Citigroup reiterated a "buy" rating and set a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Barclays decreased their price target on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $97.75.

Ingersoll Rand Price Performance

Shares of IR stock traded down $1.64 during trading hours on Friday, reaching $79.38. The company's stock had a trading volume of 1,521,003 shares, compared to its average volume of 2,931,360. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. 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's 50 day simple moving average is $82.09 and its 200-day simple moving average is $80.56. The company has a market capitalization of $31.55 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 4.54 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

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.