Ingersoll Rand Inc. $IR Shares Sold by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lessened its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,334 shares of the industrial products company’s stock after selling 194 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Ingersoll Rand were worth $4,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Northstar Group Inc. acquired a new position in shares of Ingersoll Rand during the second quarter valued at approximately $201,000. Ninety One UK Ltd acquired a new stake in shares of Ingersoll Rand in the second quarter valued at about $7,600,000. Asio Capital LLC raised its position in shares of Ingersoll Rand by 4.0% in the second quarter. Asio Capital LLC now owns 47,643 shares of the industrial products company’s stock valued at $3,963,000 after buying an additional 1,844 shares during the last quarter. GC Wealth Management RIA LLC raised its position in shares of Ingersoll Rand by 46.8% in the second quarter. GC Wealth Management RIA LLC now owns 8,689 shares of the industrial products company’s stock valued at $723,000 after buying an additional 2,769 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Ingersoll Rand by 5.3% in the 2nd quarter. V Square Quantitative Management LLC now owns 11,401 shares of the industrial products company’s stock valued at $948,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.2%

Shares of NYSE:IR opened at $83.98 on Friday. The business has a 50-day moving average price of $80.29 and a 200 day moving average price of $80.38. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $33.38 billion, a price-to-earnings ratio of 65.61, a PEG ratio of 4.75 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.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.83 EPS. The company’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. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s dividend payout ratio (DPR) is 6.25%.

Analysts Set New Price Targets

IR has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Ingersoll Rand from $86.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Citigroup reaffirmed a “buy” rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Robert W. Baird raised their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Finally, Barclays cut their target price on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average target price of $98.00.

Ingersoll Rand 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.