Ingersoll Rand Inc. $IR Shares Acquired by Candriam S.C.A.

Candriam S.C.A. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,598 shares of the industrial products company’s stock after acquiring an additional 12,999 shares during the period. Candriam S.C.A.’s holdings in Ingersoll Rand were worth $7,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Ingersoll Rand by 4.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 61,258 shares of the industrial products company’s stock valued at $5,095,000 after purchasing an additional 2,557 shares in the last quarter. Bailard Inc. acquired a new stake in Ingersoll Rand during the second quarter valued at approximately $206,000. Geode Capital Management LLC boosted its holdings in Ingersoll Rand by 2.1% during the second quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock worth $844,028,000 after buying an additional 211,316 shares in the last quarter. ABC Arbitrage SA acquired a new position in Ingersoll Rand in the second quarter worth approximately $2,802,000. Finally, KBC Group NV grew its position in Ingersoll Rand by 0.4% in the second quarter. KBC Group NV now owns 71,034 shares of the industrial products company’s stock worth $5,909,000 after buying an additional 293 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on IR. Stifel Nicolaus increased their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Morgan Stanley reduced their target price on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Robert W. Baird decreased their price target on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Citigroup dropped their price target on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.90.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $75.34 on Friday. The company has a market capitalization of $29.77 billion, a price-to-earnings ratio of 55.81, a P/E/G ratio of 4.90 and a beta of 1.43. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $79.33 and its 200-day simple moving average is $81.03.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued 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 is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.93%.

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.