Ingersoll Rand Inc. $IR Position Trimmed by Clarendon Private LLC

Clarendon Private LLC decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 20.5% in the 2nd quarter, Holdings Channel reports. The firm owned 5,002 shares of the industrial products company’s stock after selling 1,290 shares during the quarter. Clarendon Private LLC’s holdings in Ingersoll Rand were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of IR. Compass Wealth Management LLC lifted its position in Ingersoll Rand by 62.8% in the 1st 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 last quarter. Golden State Wealth Management LLC lifted its position in Ingersoll Rand by 190.9% in the 1st 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 last quarter. Farmers & Merchants Investments Inc. lifted its position in Ingersoll Rand by 54.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 172 shares during the last quarter. Larson Financial Group LLC lifted its position 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 valued at $39,000 after purchasing an additional 285 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Ingersoll Rand in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $76.05 on Friday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. 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 $30.23 billion, a price-to-earnings ratio of 59.41, a PEG ratio of 4.49 and a beta of 1.43. The firm has a 50-day moving average of $79.88 and a two-hundred day moving average of $80.31.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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 net margin of 7.10% and a return on equity of 12.12%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $0.83 EPS. Ingersoll Rand’s 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, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand’s dividend payout ratio is presently 6.25%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research report on Monday, July 14th. Melius downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a report on Monday, July 14th. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citigroup reaffirmed a “buy” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Morgan Stanley reduced their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.