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 Ingersoll Rand Inc. (NYSE:IR - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,056,482 shares of the industrial products company's stock after selling 153,996 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.01% of Ingersoll Rand worth $324,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in IR. Sowell Financial Services LLC acquired a new position in shares of Ingersoll Rand during the first quarter worth $262,000. Concurrent Investment Advisors LLC lifted its holdings in Ingersoll Rand by 14.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company's stock worth $245,000 after buying an additional 385 shares during the period. QRG Capital Management Inc. grew its position in shares of Ingersoll Rand by 9.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,669 shares of the industrial products company's stock valued at $614,000 after buying an additional 660 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ingersoll Rand by 14.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 726,564 shares of the industrial products company's stock valued at $58,147,000 after buying an additional 91,777 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 4,690 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Down 1.3%

NYSE:IR traded down $1.07 on Tuesday, hitting $77.99. The stock had a trading volume of 816,683 shares, compared to its average volume of 2,931,828. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The business's fifty day moving average is $81.78 and its 200 day moving average is $80.45. The company has a market cap of $31.00 billion, a PE ratio of 60.86, a P/E/G ratio of 4.44 and a beta of 1.40.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. The firm had revenue of $1.89 billion during 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 business's revenue was up 4.6% on a year-over-year basis. 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. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, August 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand's payout ratio is 6.25%.

Analyst Upgrades and Downgrades

IR has been the topic of several analyst reports. Melius cut Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a report on Monday, July 14th. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Morgan Stanley cut their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Finally, Barclays lowered their price objective on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of "Hold" and an average price target of $97.75.

About Ingersoll Rand

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.