Stance Capital LLC Takes $2.65 Million Position in 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 Ingersoll Rand Inc. (NYSE:IR - Free Report) in 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 accounts for 1.9% of Stance Capital LLC's investment portfolio, making the stock its 25th largest holding.

Several other large investors have also recently made changes to their positions in IR. Vanguard Group Inc. increased its holdings in Ingersoll Rand by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company's stock worth $3,702,946,000 after acquiring an additional 585,455 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ingersoll Rand by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock worth $1,580,196,000 after buying an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ingersoll Rand by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock worth $1,536,464,000 after buying an additional 1,849,030 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ingersoll Rand by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock worth $1,426,654,000 after buying an additional 3,989,643 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Ingersoll Rand by 7.8% during the first quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company's stock worth $341,018,000 after buying an additional 307,557 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.0%

Shares of IR traded down $0.81 during mid-day trading on Tuesday, hitting $79.57. 3,291,575 shares of the company's stock were exchanged, compared to its average volume of 2,440,186. The company has a market cap of $31.63 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 4.55 and a beta of 1.40. 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 debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The stock's 50-day moving average is $82.34 and its 200-day moving average is $80.58.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm 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 firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a $0.02 dividend. The ex-dividend date of this dividend 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 6.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IR shares. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Robert W. Baird upped their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Barclays dropped their target price 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. Citigroup reaffirmed a "buy" rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of "Hold" and an average price target 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.