Vanguard Personalized Indexing Management LLC Raises Stake in Ingersoll Rand Inc. $IR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Ingersoll Rand Inc. by 16.9%, owning 46,046 shares valued at approximately $3.84 million following additional purchases in the second quarter.
• Ingersoll Rand reported earnings of $0.80 per share for the latest quarter, matching analysts' expectations, and announced a $0.02 quarterly dividend, reflecting a modest yield of 0.1%.
• Analysts have a split view on Ingersoll Rand with six ratings for "Buy" and six for "Hold," and the consensus price target is set at $98.00.

Vanguard Personalized Indexing Management LLC raised its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,046 shares of the industrial products company's stock after buying an additional 6,642 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Ingersoll Rand were worth $3,837,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Ingersoll Rand by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company's stock valued at $3,702,946,000 after buying an additional 585,455 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ingersoll Rand by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company's stock worth $1,580,196,000 after purchasing an additional 866,759 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company's stock worth $1,536,464,000 after purchasing an additional 1,849,030 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ingersoll Rand by 28.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company's stock worth $1,426,654,000 after purchasing an additional 3,989,643 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Ingersoll Rand by 7.8% during the 1st quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company's stock worth $341,018,000 after purchasing an additional 307,557 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

IR stock opened at $77.25 on Wednesday. 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 has a market capitalization of $30.70 billion, a P/E ratio of 60.35, a P/E/G ratio of 4.49 and a beta of 1.43. The business's 50-day moving average is $79.82 and its two-hundred day moving average is $80.26. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.89 billion for 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is 6.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IR. Melius Research set a $93.00 price target on Ingersoll Rand in a report on Monday, July 14th. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Barclays decreased their target price 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. Citigroup reissued a "buy" rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Morgan Stanley decreased their target price 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. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

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.

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