Northstar Group Inc. Buys New Stake in Ingersoll Rand Inc. $IR

Northstar Group Inc. bought a new stake in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,417 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. Wealth Enhancement Advisory Services LLC lifted its stake in Ingersoll Rand by 46.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,615 shares of the industrial products company’s stock valued at $1,865,000 after buying an additional 6,507 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Ingersoll Rand by 17.7% during the 1st quarter. Parallel Advisors LLC now owns 3,849 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 578 shares during the period. Merit Financial Group LLC lifted its stake in shares of Ingersoll Rand by 12.3% during the 1st quarter. Merit Financial Group LLC now owns 2,841 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 312 shares during the period. Wedmont Private Capital lifted its stake in shares of Ingersoll Rand by 9.4% during the 1st quarter. Wedmont Private Capital now owns 6,693 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 574 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Ingersoll Rand by 56.0% during the 1st quarter. UMB Bank n.a. now owns 933 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 1.1%

NYSE:IR opened at $83.55 on Thursday. The business’s 50-day moving average is $80.43 and its two-hundred day moving average is $80.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The firm has a market capitalization of $33.20 billion, a PE ratio of 65.27, a price-to-earnings-growth ratio of 4.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

IR has been the topic of a number of recent analyst reports. Barclays reduced their price target 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. Wells Fargo & Company increased their price target on Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the stock a “hold” rating in a research note on Monday, August 4th. Morgan Stanley cut their target price 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. Finally, Melius Research set a $93.00 target price on Ingersoll Rand in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.75.

Ingersoll Rand 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.