Ingersoll Rand Inc. $IR Position Boosted by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in Ingersoll Rand Inc. by 9.7%, acquiring 3,365 additional shares, bringing its total holdings to 37,912 shares valued at approximately $3,034,000.
• Ingersoll Rand recently reported a quarterly EPS of $0.80, meeting analysts' expectations, with year-over-year revenue growth of 4.6%.
• The company declared a quarterly dividend of $0.02 per share, resulting in an annualized yield of 0.1%, with a current dividend payout ratio of 6.25%.

UniSuper Management Pty Ltd boosted its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,912 shares of the industrial products company's stock after acquiring an additional 3,365 shares during the period. UniSuper Management Pty Ltd's holdings in Ingersoll Rand were worth $3,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 during the period. 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 during the period. 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 during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock worth $39,000 after acquiring an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock worth $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.

Ingersoll Rand Stock Up 1.3%

NYSE IR traded up $1.04 during trading hours on Monday, hitting $79.83. The company had a trading volume of 463,633 shares, compared to its average volume of 2,929,649. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a market capitalization of $31.73 billion, a price-to-earnings ratio of 62.40, a P/E/G ratio of 4.44 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. The firm's 50 day moving average is $81.93 and its 200 day moving average is $80.49.

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

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.02 dividend. 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 dividend payout ratio is presently 6.25%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IR shares. 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. Melius Research set a $93.00 price target on Ingersoll Rand in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Citigroup reaffirmed a "buy" rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Melius lowered Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 target price on the stock. in a research note on Monday, July 14th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.