Ballentine Partners LLC Increases Stock Holdings in Ingersoll Rand Inc. $IR

Ballentine Partners LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,201 shares of the industrial products company’s stock after purchasing an additional 418 shares during the period. Ballentine Partners LLC’s holdings in Ingersoll Rand were worth $1,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Wealth Management LLC boosted its position in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 137 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Ingersoll Rand by 325.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company’s stock valued at $30,000 after buying an additional 286 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock valued at $38,000 after buying an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock valued at $39,000 after buying an additional 172 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after buying an additional 285 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IR has been the topic of a number of analyst reports. Stifel Nicolaus set a $78.00 price objective on Ingersoll Rand and gave the company a “hold” rating in a research report on Monday, August 4th. Melius Research set a $93.00 price objective on Ingersoll Rand in a research report on Monday, July 14th. Morgan Stanley lowered their price objective on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Citigroup reissued a “buy” rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their target price on Ingersoll Rand from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $97.75.

Ingersoll Rand Stock Down 0.6%

Shares of IR opened at $80.45 on Friday. The business’s 50 day moving average is $80.65 and its 200 day moving average is $80.32. The company has a market capitalization of $31.97 billion, a PE ratio of 62.85, a price-to-earnings-growth ratio of 4.56 and a beta of 1.40. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-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.

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 the consensus estimate of $0.80. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

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.