Ninety One UK Ltd Boosts Stock Position in Ingersoll Rand Inc. $IR

Ninety One UK Ltd grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,158 shares of the industrial products company’s stock after purchasing an additional 10,793 shares during the period. Ninety One UK Ltd’s holdings in Ingersoll Rand were worth $8,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. NewSquare Capital LLC grew its holdings 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 during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the 3rd quarter valued at about $36,000. Gladwyn Financial Advisors Inc. purchased a new stake in Ingersoll Rand in the 2nd quarter valued at about $42,000. Legacy Wealth Managment LLC ID bought a new position in Ingersoll Rand in the 1st quarter worth about $43,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Ingersoll Rand during the second quarter worth approximately $45,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer owned 12,153 shares in the company, valued at $979,896.39. This represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.

Ingersoll Rand Stock Down 1.8%

Shares of Ingersoll Rand stock opened at $79.22 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The company has a market cap of $31.30 billion, a P/E ratio of 58.68, a PEG ratio of 5.11 and a beta of 1.33. The firm’s 50 day moving average price is $78.84 and its 200-day moving average price is $80.64. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $95.85.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.93%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Robert W. Baird decreased 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. Wells Fargo & Company increased their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Stifel Nicolaus boosted their price target on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.44.

About Ingersoll Rand

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.