Wilmington Savings Fund Society FSB Grows Stock Holdings in Ingersoll Rand Inc. $IR

Wilmington Savings Fund Society FSB lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,822 shares of the industrial products company’s stock after acquiring an additional 966 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Ingersoll Rand were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Compass Wealth Management LLC grew its stake 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 in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after buying an additional 313 shares during the period. Larson Financial Group LLC grew 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 worth $39,000 after buying an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ingersoll Rand during the first quarter valued at $40,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Ingersoll Rand in the first quarter valued at about $41,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.7%

NYSE:IR opened at $77.13 on Friday. The company’s 50-day simple moving average is $79.84 and its 200-day simple moving average is $80.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The stock has a market capitalization of $30.65 billion, a P/E ratio of 60.26, a P/E/G ratio of 4.53 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $1.89 billion during 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 revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IR. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Melius downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research note on Monday, July 14th. Citigroup restated a “buy” rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Finally, Morgan Stanley cut their price target on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target 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.