Maryland State Retirement & Pension System Has $1.63 Million Stock Position in Ingersoll Rand Inc. $IR

Maryland State Retirement & Pension System grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,615 shares of the industrial products company’s stock after acquiring an additional 750 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ingersoll Rand were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IR. Rathbones Group PLC raised its stake in Ingersoll Rand by 1.4% during the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 121 shares during the last quarter. EP Wealth Advisors LLC grew its position in Ingersoll Rand by 2.4% during the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock worth $474,000 after buying an additional 136 shares in the last quarter. Compass Wealth Management LLC grew its position in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after buying an additional 137 shares in the last quarter. AdvisorNet Financial Inc grew its position in Ingersoll Rand by 0.7% during the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock worth $1,556,000 after buying an additional 138 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Ingersoll Rand by 5.3% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 147 shares during the period. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $76.05 on Friday. 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 cap of $30.23 billion, a P/E ratio of 59.41, a P/E/G ratio of 4.49 and a beta of 1.43. The business’s fifty day moving average is $79.88 and its two-hundred day moving average is $80.31. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03.

Ingersoll Rand (NYSE:IR) last released 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. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’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 research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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. 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 is 6.25%.

Wall Street Analyst Weigh In

IR has been the subject of a number of recent research reports. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the company a “hold” rating in a research note on Monday, August 4th. Melius lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a report on Monday, July 14th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research report on Monday, July 14th. Morgan Stanley cut their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Finally, Barclays cut 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 note on Monday, August 4th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Ingersoll Rand Company 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.