National Pension Service Purchases 4,611 Shares of Ingersoll Rand Inc. $IR

National Pension Service lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.8% in the 2nd quarter, Holdings Channel reports. The fund owned 601,897 shares of the industrial products company’s stock after buying an additional 4,611 shares during the quarter. National Pension Service’s holdings in Ingersoll Rand were worth $50,066,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its stake in shares of Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Ingersoll Rand in the first quarter worth $40,000. Gladwyn Financial Advisors Inc. purchased a new position in shares of Ingersoll Rand in the second quarter valued at $42,000. Finally, Legacy Wealth Managment LLC ID bought a new position in Ingersoll Rand in the 1st quarter worth about $43,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IR shares. Citigroup lowered their price target on shares of Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus lifted 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. Barclays reduced their target price on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Finally, Robert W. Baird cut their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and a consensus target price of $93.90.

Ingersoll Rand Stock Down 2.0%

NYSE IR opened at $76.18 on Friday. The business’s 50-day moving average is $79.44 and its 200 day moving average is $81.02. The stock has a market capitalization of $30.10 billion, a PE ratio of 56.43, a PEG ratio of 4.99 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03.

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

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.02 per share. 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 payout ratio is currently 5.93%.

About Ingersoll Rand

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.