Strs Ohio Buys New Shares in Ingersoll Rand Inc. $IR

Key Points

• Strs Ohio made a significant investment in Ingersoll Rand Inc. during the first quarter by purchasing 328,594 shares valued at approximately $26.3 million.
• Ingersoll Rand's quarterly earnings report showed an EPS of $0.80, matching analyst estimates, and a revenue of $1.89 billion, exceeding expectations.
• The company recently declared a quarterly dividend of $0.02 per share, reflecting an annualized yield of 0.1% and a payout ratio of 6.25%.

Strs Ohio bought a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 328,594 shares of the industrial products company's stock, valued at approximately $26,297,000. Strs Ohio owned approximately 0.08% of Ingersoll Rand as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IR. Compass Wealth Management LLC grew its position in Ingersoll Rand by 62.8% in 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 position in 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 buying an additional 286 shares during the period. Golden State Wealth Management LLC boosted its position in 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 buying an additional 313 shares during the period. Farmers & Merchants Investments Inc. boosted its position in 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 buying an additional 172 shares during the period. Finally, Larson Financial Group LLC boosted its position in 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 buying an additional 285 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 2.5%

Shares of IR traded up $2.00 on Thursday, hitting $81.00. 1,685,683 shares of the stock traded hands, compared to its average volume of 2,954,021. The company has a market capitalization of $32.19 billion, a PE ratio of 63.28, a P/E/G ratio of 4.38 and a beta of 1.40. 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 business has a 50 day simple moving average of $81.41 and a 200 day simple moving average of $80.42. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03.

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 the consensus estimate of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were 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 was Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. Citigroup restated a "buy" rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on shares of Ingersoll Rand and gave the company a "hold" rating in a research report on Monday, August 4th. Barclays cut 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. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Melius lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a report on Monday, July 14th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ingersoll Rand has an average 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.