UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 153,996 Shares of Ingersoll Rand Inc. $IR

Key Points

• UBS AM reduced its stake in Ingersoll Rand Inc. by 3.7%, selling 153,996 shares, bringing its total ownership to approximately 4.06 million shares valued at about $324.64 million.
• Ingersoll Rand's recent earnings report showed $1.89 billion in revenue and an EPS of $0.80, meeting analyst expectations and reflecting a 4.6% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.02 per share with an annualized yield of 0.1%, indicating a modest return for investors amid a competitive market.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,056,482 shares of the industrial products company's stock after selling 153,996 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.01% of Ingersoll Rand worth $324,640,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in Ingersoll Rand during the first quarter worth about $262,000. Concurrent Investment Advisors LLC lifted its stake in Ingersoll Rand by 14.4% during the first quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company's stock worth $245,000 after purchasing an additional 385 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Ingersoll Rand by 9.4% during the first quarter. QRG Capital Management Inc. now owns 7,669 shares of the industrial products company's stock worth $614,000 after purchasing an additional 660 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Ingersoll Rand by 14.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 726,564 shares of the industrial products company's stock worth $58,147,000 after purchasing an additional 91,777 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Ingersoll Rand by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 190,986 shares of the industrial products company's stock worth $15,285,000 after purchasing an additional 4,690 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 0.6%

IR opened at $80.15 on Thursday. The business has a 50 day simple moving average of $82.21 and a two-hundred day simple moving average of $80.57. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 4.51 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 one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last released 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 business had revenue of $1.89 billion during 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%.Ingersoll Rand's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts predict that Ingersoll Rand Inc. will post 3.32 EPS 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 issued a dividend of $0.02 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand's dividend payout ratio is 6.25%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IR. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the company a "hold" rating in a research note on Monday, August 4th. Robert W. Baird boosted their target price on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Barclays lowered their target price on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a research note on Monday, July 14th. Finally, Morgan Stanley lowered their target price on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.