Liontrust Investment Partners LLP Makes New Investment in Ingersoll Rand Inc. $IR

Liontrust Investment Partners LLP bought a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 981,343 shares of the industrial products company’s stock, valued at approximately $81,628,000. Liontrust Investment Partners LLP owned approximately 0.25% of Ingersoll Rand as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IR. Townsquare Capital LLC increased its position in shares of Ingersoll Rand by 26.5% during the 1st quarter. Townsquare Capital LLC now owns 3,411 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 714 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Ingersoll Rand during the first quarter worth about $40,000. Horizon Investments LLC increased its holdings in Ingersoll Rand by 4.7% during the first quarter. Horizon Investments LLC now owns 5,789 shares of the industrial products company’s stock worth $463,000 after buying an additional 262 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ingersoll Rand by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,600,999 shares of the industrial products company’s stock worth $288,136,000 after acquiring an additional 14,282 shares during the period. Finally, Aberdeen Group plc boosted its stake in Ingersoll Rand by 72.2% in the first quarter. Aberdeen Group plc now owns 452,710 shares of the industrial products company’s stock valued at $35,841,000 after acquiring an additional 189,847 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Zacks Research lowered Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Citigroup upped their price target on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.22.

Ingersoll Rand Price Performance

IR stock opened at $81.74 on Friday. The firm has a 50 day moving average of $78.35 and a 200-day moving average of $80.82. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $102.04. The firm has a market capitalization of $32.30 billion, a P/E ratio of 60.55, a price-to-earnings-growth ratio of 5.28 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company posted $0.84 EPS. The business’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. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given 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, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.93%.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

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.