Valeo Financial Advisors LLC Has $231,000 Position in Ingersoll Rand Inc. $IR

Valeo Financial Advisors LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,776 shares of the industrial products company’s stock after purchasing an additional 241 shares during the period. Valeo Financial Advisors LLC’s holdings in Ingersoll Rand were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rathbones Group PLC increased its holdings in shares of Ingersoll Rand by 1.4% during the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock worth $724,000 after buying an additional 121 shares in the last quarter. EP Wealth Advisors LLC grew its position in Ingersoll Rand by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 136 shares during the last quarter. Compass Wealth Management LLC boosted its stake in shares of Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Ingersoll Rand by 0.7% during the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after purchasing an additional 138 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $76.05 on Friday. The company’s fifty day simple moving average is $79.88 and its 200 day simple moving average is $80.32. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. 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 price-to-earnings ratio of 59.41, a PEG ratio of 4.63 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.83 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.02 per share. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ingersoll Rand in a report on Wednesday. Morgan Stanley reduced their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Robert W. Baird boosted their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup reaffirmed a “buy” rating and set a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.