Ingersoll Rand Inc. $IR Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd has significantly reduced its stake in Ingersoll Rand Inc. by 85.5%, selling 17,200 shares and now holding only 2,914 shares valued at $233,000.
• Investment analysts have mixed opinions on Ingersoll Rand, with ratings ranging from “buy” to “hold”, and an average target price of $97.75.
• Ingersoll Rand recently reported earnings of $0.80 per share for the last quarter, meeting expectations, with revenues of $1.89 billion, which exceeded analyst forecasts.

USS Investment Management Ltd cut its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 85.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,914 shares of the industrial products company's stock after selling 17,200 shares during the period. USS Investment Management Ltd's holdings in Ingersoll Rand were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IR. Captrust Financial Advisors increased its position in shares of Ingersoll Rand by 11.8% during the fourth quarter. Captrust Financial Advisors now owns 13,387 shares of the industrial products company's stock valued at $1,211,000 after acquiring an additional 1,409 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Ingersoll Rand by 5.4% in the fourth quarter. Cetera Investment Advisers now owns 59,354 shares of the industrial products company's stock valued at $5,369,000 after purchasing an additional 3,067 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 4.0% in the fourth quarter. EP Wealth Advisors LLC now owns 5,782 shares of the industrial products company's stock valued at $523,000 after purchasing an additional 221 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Ingersoll Rand by 195.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 185,026 shares of the industrial products company's stock valued at $16,737,000 after purchasing an additional 122,501 shares in the last quarter. Finally, Fiduciary Trust Co grew its holdings in shares of Ingersoll Rand by 19.8% in the fourth quarter. Fiduciary Trust Co now owns 6,819 shares of the industrial products company's stock valued at $617,000 after purchasing an additional 1,127 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

IR traded down $2.15 during trading on Friday, hitting $78.87. The stock had a trading volume of 3,643,370 shares, compared to its average volume of 2,533,362. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The firm has a market capitalization of $31.35 billion, a P/E ratio of 61.62, a PEG ratio of 4.44 and a beta of 1.40. The company's 50-day moving average price is $81.93 and its 200 day moving average price is $80.49. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data 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. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the company posted $0.83 EPS. Ingersoll Rand's revenue was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend 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 Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $78.00 price objective on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. 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. Barclays reduced their price target 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. Finally, Citigroup reiterated a "buy" rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.