Ingersoll Rand Inc. $IR Shares Sold by MGO One Seven LLC

MGO One Seven LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 13.2% in the second quarter, Holdings Channel reports. The firm owned 2,936 shares of the industrial products company’s stock after selling 446 shares during the period. MGO One Seven LLC’s holdings in Ingersoll Rand were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IR. Compass Wealth Management LLC boosted its stake in Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 313 shares in the last quarter. Larson Financial Group LLC boosted its stake in Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Ingersoll Rand in the 1st quarter worth approximately $40,000. Finally, Alpine Bank Wealth Management acquired a new stake in Ingersoll Rand during the 1st quarter valued at approximately $41,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on IR shares. Melius cut 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 note on Monday, July 14th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company lifted their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Barclays decreased their price objective 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and a consensus price target of $98.09.

Ingersoll Rand Stock Up 1.7%

Shares of NYSE IR opened at $78.50 on Tuesday. The firm has a market cap of $31.20 billion, a price-to-earnings ratio of 61.33, a price-to-earnings-growth ratio of 4.61 and a beta of 1.43. The company’s 50-day simple moving average is $79.88 and its 200-day simple moving average is $80.28. 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 52-week low of $65.61 and a 52-week high of $106.03.

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

Ingersoll Rand Dividend Announcement

The firm also recently announced 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 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 presently 6.25%.

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.