Nisa Investment Advisors LLC Has $8 Million Stock Holdings in Ingersoll Rand Inc. $IR

Nisa Investment Advisors LLC lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 96,219 shares of the industrial products company’s stock after selling 5,117 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingersoll Rand were worth $8,003,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IR. Compass Wealth Management LLC grew 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 purchasing an additional 137 shares during the period. Golden State Wealth Management LLC grew its stake in 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. Larson Financial Group LLC grew its stake in Ingersoll Rand by 136.4% during the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 285 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Ingersoll Rand during the first quarter worth approximately $40,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in Ingersoll Rand during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.7%

IR stock opened at $80.36 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $79.92 and its 200-day moving average is $80.64. 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.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Citigroup reissued 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. Robert W. Baird raised 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. Wells Fargo & Company raised their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Stifel Nicolaus raised their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.09.

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.