Robeco Institutional Asset Management B.V. Grows Stock Position in Ingersoll Rand Inc. $IR

Robeco Institutional Asset Management B.V. raised its position in Ingersoll Rand Inc. (NYSE:IR) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,865 shares of the industrial products company’s stock after acquiring an additional 18,151 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ingersoll Rand were worth $7,177,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IR. NewSquare Capital LLC grew its holdings in Ingersoll Rand by 150.7% during the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Ingersoll Rand in the 3rd quarter valued at about $36,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Ingersoll Rand during the second quarter valued at about $42,000. Legacy Investment Solutions LLC purchased a new stake in shares of Ingersoll Rand during the second quarter worth about $45,000. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Ingersoll Rand by 6,210.0% in the second quarter. Osterweis Capital Management Inc. now owns 631 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 621 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $85.58 on Friday. 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 12 month low of $65.61 and a 12 month high of $95.85. The company has a fifty day moving average price of $79.30 and a two-hundred day moving average price of $80.71. The company has a market cap of $33.81 billion, a PE ratio of 63.39, a P/E/G ratio of 5.10 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The company’s quarterly 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. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup lifted their price target on shares of Ingersoll Rand from $91.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus increased their price objective on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Finally, Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.11.

Insider Buying and Selling at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the sale, the chief accounting officer owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This trade represents a 10.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Ingersoll Rand Company Profile

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.