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

A number of other institutional investors and hedge funds have also made changes to their positions in IR. Petrus Trust Company LTA increased its position in Ingersoll Rand by 57.0% during the 1st quarter. Petrus Trust Company LTA now owns 5,147 shares of the industrial products company's stock valued at $412,000 after buying an additional 1,868 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Ingersoll Rand by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 49,120 shares of the industrial products company's stock valued at $3,931,000 after purchasing an additional 545 shares during the last quarter. NewEdge Advisors LLC grew its stake in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock valued at $494,000 after purchasing an additional 282 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ingersoll Rand by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,112 shares of the industrial products company's stock valued at $3,450,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in Ingersoll Rand by 56.2% during the 1st quarter. Gotham Asset Management LLC now owns 167,037 shares of the industrial products company's stock valued at $13,368,000 after purchasing an additional 60,097 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on IR shares. Citigroup reiterated a "buy" rating and set a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Barclays dropped 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. Robert W. Baird boosted their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Morgan Stanley dropped their price target on Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price target on Ingersoll Rand from $86.00 to $95.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Six equities 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, the company has a consensus rating of "Hold" and a consensus price target of $97.75.

Ingersoll Rand Price Performance

NYSE IR traded down $2.15 during trading hours on Friday, reaching $78.87. The company's stock had a trading volume of 3,643,370 shares, compared to its average volume of 2,497,093. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 61.62, a P/E/G ratio of 4.57 and a beta of 1.40. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. 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 company's 50-day moving average is $81.93 and its two-hundred day moving average is $80.53.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations 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 firm posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued 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%.

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.