Ingersoll Rand Inc. $IR Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its holdings in Ingersoll Rand Inc. by 421.4% in Q2, acquiring 754,032 additional shares, bringing its total ownership to approximately $77.6 million.
• Ingersoll Rand's latest earnings report showed an EPS of $0.80 for the quarter, surpassing analysts' expectations, with revenues of $1.89 billion.
• The company recently declared a quarterly dividend of $0.02 per share, with a yield of 0.1%, reflecting a low dividend payout ratio of 6.25%.

Swedbank AB increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 421.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 932,978 shares of the industrial products company's stock after purchasing an additional 754,032 shares during the quarter. Swedbank AB owned 0.23% of Ingersoll Rand worth $77,605,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. Compass Wealth Management LLC increased its position in Ingersoll Rand by 62.8% during the 1st 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. Global Wealth Strategies & Associates increased its position in Ingersoll Rand by 325.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock worth $30,000 after purchasing an additional 286 shares in the last quarter. Golden State Wealth Management LLC increased its position in 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 purchasing an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Ingersoll Rand by 54.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC grew its position 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 acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on IR shares. Barclays lowered their price objective 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 price objective on shares of Ingersoll Rand in a research report on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the company a "hold" rating in a research report on Monday, August 4th. Morgan Stanley lowered their price objective 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 downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.75.

Ingersoll Rand Stock Performance

IR traded up $0.21 during trading hours on Monday, hitting $81.82. 3,649,770 shares of the stock were exchanged, compared to its average volume of 3,465,762. The stock has a 50-day simple moving average of $81.00 and a 200-day simple moving average of $80.34. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 63.92, a price-to-earnings-growth ratio of 4.60 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 (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts anticipate 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. Investors of record on Thursday, August 14th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's payout ratio is presently 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.