Weatherly Asset Management L. P. Sells 154 Shares of Ingersoll Rand Inc. $IR

Weatherly Asset Management L. P. lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.3% in the second quarter, Holdings Channel.com reports. The firm owned 11,470 shares of the industrial products company’s stock after selling 154 shares during the period. Weatherly Asset Management L. P.’s holdings in Ingersoll Rand were worth $954,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Compass Wealth Management LLC lifted its position in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 137 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in shares of Ingersoll Rand by 325.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 286 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 313 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Ingersoll Rand by 54.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock valued at $39,000 after buying an additional 172 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after buying an additional 285 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

IR opened at $81.78 on Friday. The firm has a market cap of $32.50 billion, a P/E ratio of 63.89, a PEG ratio of 4.60 and a beta of 1.40. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a 50 day simple moving average of $81.12 and a two-hundred day simple moving average of $80.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s 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. Equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 6.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IR shares. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a “hold” rating in a research report on Monday, August 4th. Melius Research set a $93.00 target price on Ingersoll Rand in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Citigroup reissued a “buy” rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Barclays reduced their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.75.

Ingersoll Rand 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.