KMG Fiduciary Partners LLC Increases Stock Position in Ingersoll Rand Inc. $IR

KMG Fiduciary Partners LLC increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,729 shares of the industrial products company’s stock after buying an additional 171 shares during the period. KMG Fiduciary Partners LLC’s holdings in Ingersoll Rand were worth $310,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IR. Quantinno Capital Management LP increased its holdings in Ingersoll Rand by 30.1% during the fourth quarter. Quantinno Capital Management LP now owns 21,327 shares of the industrial products company’s stock worth $1,929,000 after buying an additional 4,936 shares during the last quarter. State of Wyoming purchased a new stake in Ingersoll Rand during the fourth quarter worth about $71,000. Vident Advisory LLC increased its holdings in Ingersoll Rand by 10.0% during the fourth quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company’s stock worth $905,000 after buying an additional 910 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Ingersoll Rand during the fourth quarter worth about $7,764,000. Finally, Vise Technologies Inc. increased its holdings in Ingersoll Rand by 77.7% during the fourth quarter. Vise Technologies Inc. now owns 4,772 shares of the industrial products company’s stock worth $432,000 after buying an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IR. 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 report on Monday, August 4th. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a “hold” rating in a research note on Monday, August 4th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research note on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Citigroup reiterated a “buy” rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Hold” and a consensus price target of $97.75.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.53 on Friday. The company has a 50 day moving average of $81.26 and a 200 day moving average of $80.42. The stock has a market cap of $32.40 billion, a P/E ratio of 63.69, a P/E/G ratio of 4.45 and a beta of 1.40. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. Ingersoll Rand’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s 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.