Ingersoll Rand Inc. $IR Shares Purchased by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,472 shares of the industrial products company’s stock after purchasing an additional 158 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Ingersoll Rand were worth $122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in 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 valued at $3,702,946,000 after acquiring an additional 585,455 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ingersoll Rand by 4.6% during 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 acquiring an additional 866,759 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Ingersoll Rand by 10.7% during 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 acquiring an additional 1,849,030 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Ingersoll Rand by 28.8% during 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 acquiring an additional 3,989,643 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Ingersoll Rand by 7.8% during 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 acquiring an additional 307,557 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IR has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Barclays lowered their target price on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Robert W. Baird lifted their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Morgan Stanley decreased their price objective on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Finally, Citigroup reiterated a “buy” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.09.

Ingersoll Rand Trading Up 0.7%

Shares of IR stock opened at $80.36 on Tuesday. The business’s fifty day moving average price is $79.92 and its 200 day moving average price is $80.64. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The firm has a market capitalization of $31.94 billion, a PE ratio of 62.78, a P/E/G ratio of 4.76 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.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data 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 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 analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. Ingersoll Rand’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. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is currently 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.