Ingersoll Rand Inc. $IR Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 79.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,112 shares of the industrial products company’s stock after selling 23,465 shares during the period. Vontobel Holding Ltd.’s holdings in Ingersoll Rand were worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Ingersoll Rand by 1.3% during the first quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company’s stock valued at $3,702,946,000 after buying an additional 585,455 shares during the period. JPMorgan Chase & Co. grew its position in Ingersoll Rand by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock valued at $1,580,196,000 after buying an additional 866,759 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ingersoll Rand by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after buying an additional 1,849,030 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Ingersoll Rand by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock valued at $1,426,654,000 after buying an additional 3,989,643 shares during the period. Finally, Wellington Management Group LLP grew its position in Ingersoll Rand by 7.8% during the first quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock valued at $341,018,000 after buying an additional 307,557 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

IR opened at $77.25 on Wednesday. The firm has a market capitalization of $30.70 billion, a PE ratio of 60.35, a PEG ratio of 4.49 and a beta of 1.43. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The firm’s 50-day moving average price is $79.82 and its 200 day moving average price is $80.26. 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 posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. Ingersoll Rand’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, sell-side analysts expect 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, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 6.25%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IR shares. Morgan Stanley cut their target price on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research note on Monday, July 14th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Melius cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a research note on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.