Nisa Investment Advisors LLC Has $8 Million Stock Holdings in Ingersoll Rand Inc. $IR

Nisa Investment Advisors LLC trimmed its position in Ingersoll Rand Inc. (NYSE:IR) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,219 shares of the industrial products company’s stock after selling 5,117 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ingersoll Rand were worth $8,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC grew its holdings in Ingersoll Rand by 62.8% in the 1st 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 in the last quarter. Golden State Wealth Management LLC grew its holdings 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 worth $38,000 after purchasing an additional 313 shares in the last quarter. Larson Financial Group LLC grew 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 worth $39,000 after purchasing an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth $40,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth $42,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IR has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Barclays reduced their target price on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Morgan Stanley reduced their target price 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. Melius lowered Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a report on Monday, July 14th. Finally, Stifel Nicolaus increased their target price on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Six equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $98.09.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $80.36 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $31.94 billion, a PE ratio of 62.78, a P/E/G ratio of 4.76 and a beta of 1.43. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $106.03. The stock has a 50-day moving average price of $79.92 and a two-hundred day moving average price of $80.64.

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

Ingersoll Rand Announces Dividend

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