Louisiana State Employees Retirement System Sells 400 Shares of Ingersoll Rand Inc. $IR

Louisiana State Employees Retirement System reduced its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the industrial products company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ingersoll Rand were worth $1,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Ingersoll Rand by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company’s stock worth $3,702,946,000 after acquiring an additional 585,455 shares during the period. JPMorgan Chase & Co. grew its holdings in Ingersoll Rand by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock valued at $1,580,196,000 after buying an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Ingersoll Rand by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after buying an additional 1,849,030 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Ingersoll Rand by 28.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock valued at $1,426,654,000 after buying an additional 3,989,643 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ingersoll Rand by 7.8% in the 1st quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock valued at $341,018,000 after buying an additional 307,557 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $76.05 on Friday. The stock has a market capitalization of $30.23 billion, a PE ratio of 59.41, a P/E/G ratio of 4.49 and a beta of 1.43. 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 business has a fifty day moving average price of $79.88 and a two-hundred day moving average price of $80.31. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 12.12% and a net margin of 7.10%.Ingersoll Rand’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s payout ratio is currently 6.25%.

Analyst Ratings Changes

IR has been the topic of a number of research reports. Robert W. Baird upped their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Barclays decreased their price objective on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Stifel Nicolaus set a $78.00 price objective on Ingersoll Rand and gave the company a “hold” rating in a report on Monday, August 4th. Citigroup reaffirmed a “buy” rating and issued a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.