Ingersoll Rand Inc. $IR Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 23.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,676 shares of the industrial products company’s stock after acquiring an additional 1,253 shares during the period. NorthRock Partners LLC’s holdings in Ingersoll Rand were worth $555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Wealth Management LLC increased its stake 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. Golden State Wealth Management LLC boosted its position in shares of Ingersoll Rand by 190.9% in the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after buying an additional 313 shares during the period. Larson Financial Group LLC boosted its position in shares of Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after buying an additional 285 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ingersoll Rand in the first quarter worth about $40,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Ingersoll Rand in the first quarter worth about $41,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 0.6%

Shares of NYSE IR opened at $76.80 on Thursday. The stock’s 50 day moving average price is $79.82 and its two-hundred day moving average price is $80.24. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The stock has a market capitalization of $30.52 billion, a P/E ratio of 60.00, a PEG ratio of 4.56 and a beta of 1.43. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Ingersoll Rand’s revenue for the quarter was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a research report on Monday, July 14th. 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. Morgan Stanley reduced 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a report on Wednesday, October 8th. Finally, Robert W. Baird increased their price target on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Six equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.