Ingersoll Rand Inc. $IR Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 16.5% during the second quarter, HoldingsChannel reports. The firm owned 6,822 shares of the industrial products company’s stock after purchasing an additional 966 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Ingersoll Rand were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IR. Compass Wealth Management LLC increased its position in shares of Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 137 shares during the period. Golden State Wealth Management LLC lifted its position in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 313 shares during the period. Larson Financial Group LLC grew its stake in Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ingersoll Rand in the first quarter valued at about $40,000. Finally, Alpine Bank Wealth Management purchased a new position 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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Melius lowered Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a research report on Monday, July 14th. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a “hold” rating in a report on Monday, August 4th. Barclays decreased their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, Morgan Stanley cut their price target on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Ingersoll Rand Trading Up 1.7%

Ingersoll Rand stock opened at $77.13 on Friday. The firm has a market cap of $30.65 billion, a PE ratio of 60.26, a P/E/G ratio of 4.53 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The stock’s 50 day simple moving average is $79.84 and its two-hundred day simple moving average is $80.18. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last posted its earnings results 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 net margin of 7.10% and a return on equity of 12.12%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $0.83 EPS. The business’s revenue 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. Analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced 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. 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 (DPR) is 6.25%.

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.