AG2R LA Mondiale Gestion D Actifs Acquires 770 Shares of Ingersoll Rand Inc. $IR

AG2R LA Mondiale Gestion D Actifs raised its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,622 shares of the industrial products company’s stock after acquiring an additional 770 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Ingersoll Rand were worth $1,466,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IR. Compass Wealth Management LLC boosted its position in shares of Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after buying an additional 137 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in 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 acquiring an additional 313 shares during the period. Larson Financial Group LLC boosted its holdings 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 acquiring an additional 285 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ingersoll Rand in the first quarter worth approximately $40,000. Finally, Gladwyn Financial Advisors Inc. purchased a new position in shares of Ingersoll Rand during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup restated a “buy” rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Saturday. Melius cut Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Robert W. Baird increased their target price on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Melius Research set a $93.00 price target on Ingersoll Rand in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.09.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $79.86 on Friday. The stock has a market cap of $31.74 billion, a P/E ratio of 62.39, a P/E/G ratio of 4.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The stock’s fifty day moving average is $79.89 and its 200 day moving average is $80.54. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 6.25%.

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.