Ingersoll Rand Inc. $IR Shares Purchased by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.1% in the second quarter, HoldingsChannel reports. The fund owned 16,961 shares of the industrial products company’s stock after buying an additional 186 shares during the period. Consilium Wealth Advisory LLC’s holdings in Ingersoll Rand were worth $1,411,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in IR. Compass Wealth Management LLC boosted 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 acquiring an additional 137 shares during the period. Golden State Wealth Management LLC boosted 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 acquiring an additional 313 shares during the period. Farmers & Merchants Investments Inc. boosted its position in 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 during the period. Larson Financial Group LLC boosted its position in 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 during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Ingersoll Rand during the 1st quarter worth $40,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.2%

Shares of Ingersoll Rand stock opened at $83.98 on Friday. The stock’s fifty day moving average is $80.29 and its 200-day moving average is $80.38. The firm has a market capitalization of $33.38 billion, a PE ratio of 65.61, a price-to-earnings-growth ratio of 4.75 and a beta of 1.43. 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 12-month low of $65.61 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Ingersoll Rand’s revenue for the quarter 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. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 6.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports 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 report on Monday, July 14th. Melius Research set a $93.00 price objective on Ingersoll Rand in a research note on Monday, July 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Saturday, September 27th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird boosted their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

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.