Ingersoll Rand Inc. $IR Stake Trimmed by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,572 shares of the industrial products company’s stock after selling 1,456 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Ingersoll Rand were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IR. Merit Financial Group LLC grew its stake in Ingersoll Rand by 12.3% during the 1st quarter. Merit Financial Group LLC now owns 2,841 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 312 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Ingersoll Rand by 56.0% in the 1st quarter. UMB Bank n.a. now owns 933 shares of the industrial products company’s stock valued at $75,000 after buying an additional 335 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Ingersoll Rand by 29.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,945 shares of the industrial products company’s stock valued at $237,000 after buying an additional 667 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Ingersoll Rand in the 1st quarter valued at approximately $303,000. Finally, SG Americas Securities LLC grew its stake in shares of Ingersoll Rand by 114.7% in the 1st quarter. SG Americas Securities LLC now owns 21,107 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 11,275 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 3.1%

Shares of IR stock opened at $76.05 on Friday. The stock has a 50 day moving average of $79.88 and a 200-day moving average of $80.32. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $30.23 billion, a PE ratio of 59.41, a price-to-earnings-growth ratio of 4.63 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $1.89 billion during 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 was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s dividend payout ratio is presently 6.25%.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the company a “hold” rating in a research note on Monday, August 4th. Melius lowered Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a report on Monday, July 14th. 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. Citigroup restated a “buy” rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Wells Fargo & Company boosted their target price on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned 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 price target 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.