Ingersoll Rand Inc. $IR Stock Holdings Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 781,464 shares of the industrial products company’s stock after purchasing an additional 54,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $65,002,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rathbones Group PLC raised its holdings in shares of Ingersoll Rand by 1.4% during the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock worth $724,000 after acquiring an additional 121 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 136 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Ingersoll Rand by 0.7% in the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after acquiring an additional 138 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 147 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Ingersoll Rand by 14.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a report on Monday, October 20th. Morgan Stanley decreased their target price on shares of 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. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Melius lowered shares of 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.64.

Ingersoll Rand Price Performance

NYSE:IR opened at $77.50 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The firm has a market capitalization of $30.62 billion, a price-to-earnings ratio of 57.41, a P/E/G ratio of 4.99 and a beta of 1.43. The stock has a fifty day moving average of $79.55 and a 200 day moving average of $81.06.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.93%.

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.