Ingersoll Rand Inc. $IR Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 971,570 shares of the industrial products company’s stock after acquiring an additional 23,069 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Ingersoll Rand worth $80,815,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Compass Wealth Management LLC increased its holdings in shares of Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares during the period. Golden State Wealth Management LLC increased its holdings 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 valued at $38,000 after purchasing an additional 313 shares during the period. Larson Financial Group LLC increased its holdings in Ingersoll Rand by 136.4% in the 1st 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 acquired a new position in Ingersoll Rand in the 1st quarter worth approximately $40,000. Finally, Gladwyn Financial Advisors Inc. acquired a new position in Ingersoll Rand in the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.6%

Shares of IR opened at $79.86 on Monday. 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 Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The stock’s 50 day moving average is $79.89 and its two-hundred day moving average is $80.59. The firm has a market cap of $31.74 billion, a P/E ratio of 62.39, a PEG ratio of 4.76 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company earned $0.83 earnings per share. Ingersoll Rand’s quarterly 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 predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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 given a $0.02 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 6.25%.

Analyst Ratings Changes

IR has been the topic of a number of research reports. 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. Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research report on Monday, July 14th. Melius Research set a $93.00 price target on Ingersoll Rand in a research report on Monday, July 14th. Wells Fargo & Company raised their target price on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Morgan Stanley dropped their target price on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target 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.