Stance Capital LLC Acquires New Stake in Ingersoll Rand Inc. $IR

Stance Capital LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) in the first quarter, Holdings Channel reports. The firm acquired 33,099 shares of the industrial products company’s stock, valued at approximately $2,649,000. Ingersoll Rand accounts for 1.9% of Stance Capital LLC’s holdings, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sowell Financial Services LLC acquired a new stake in Ingersoll Rand during the 1st quarter worth about $262,000. Concurrent Investment Advisors LLC grew its holdings in Ingersoll Rand by 14.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 385 shares during the period. QRG Capital Management Inc. grew its holdings in Ingersoll Rand by 9.4% during the 1st quarter. QRG Capital Management Inc. now owns 7,669 shares of the industrial products company’s stock worth $614,000 after acquiring an additional 660 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ingersoll Rand by 14.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 726,564 shares of the industrial products company’s stock worth $58,147,000 after acquiring an additional 91,777 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Ingersoll Rand by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 190,986 shares of the industrial products company’s stock worth $15,285,000 after acquiring an additional 4,690 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of IR opened at $80.92 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. The stock has a 50-day moving average of $82.51 and a 200-day moving average of $80.65. The company has a market cap of $32.16 billion, a PE ratio of 63.22, a P/E/G ratio of 4.58 and a beta of 1.40. Ingersoll Rand Inc. has a one year low of $65.61 and a one year 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 the consensus estimate of $0.80. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued 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 (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

IR has been the subject of a number of recent analyst reports. Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target for the company. in a report on Monday, July 14th. Morgan Stanley decreased their price target 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 reiterated a “buy” rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the stock a “hold” rating in a report on Monday, August 4th. Finally, Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $97.75.

About Ingersoll Rand

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.