Strs Ohio Purchases New Holdings 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 purchased a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 328,594 shares of the industrial products company's stock, valued at approximately $26,297,000. Strs Ohio owned 0.08% of Ingersoll Rand as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Focus Partners Wealth boosted its holdings in Ingersoll Rand by 204.0% in the 4th quarter. Focus Partners Wealth now owns 13,967 shares of the industrial products company's stock valued at $1,264,000 after purchasing an additional 9,372 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ingersoll Rand by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,191 shares of the industrial products company's stock valued at $3,726,000 after purchasing an additional 1,741 shares in the last quarter. NorthRock Partners LLC purchased a new stake in Ingersoll Rand in the 4th quarter valued at approximately $483,000. Nomura Holdings Inc. purchased a new stake in Ingersoll Rand in the 4th quarter valued at approximately $1,201,000. Finally, Mufg Securities Americas Inc. purchased a new stake in Ingersoll Rand in the 4th quarter valued at approximately $538,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $78.87 on Friday. The business's 50 day simple moving average is $81.93 and its 200-day simple moving average is $80.53. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 61.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.40. 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.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business 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 company earned $0.83 EPS. The company's quarterly 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. 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 business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's dividend payout ratio is presently 6.25%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IR. Citigroup reaffirmed a "buy" rating and issued a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird lifted their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Morgan Stanley lowered their price objective on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Finally, Barclays decreased their price target on 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently 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.

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