Prudential PLC Boosts Stock Holdings in Ingersoll Rand Inc. $IR

Prudential PLC boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,311 shares of the industrial products company’s stock after acquiring an additional 28,681 shares during the quarter. Prudential PLC owned 0.05% of Ingersoll Rand worth $16,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rathbones Group PLC raised its holdings in Ingersoll Rand by 1.4% during the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock valued at $724,000 after buying an additional 121 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Ingersoll Rand by 2.4% in the first quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 136 shares during the period. AdvisorNet Financial Inc increased its position in shares of Ingersoll Rand by 0.7% in the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after acquiring an additional 138 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 147 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Ingersoll Rand by 14.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on IR. Citigroup dropped their price objective on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Zacks Research downgraded Ingersoll Rand from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Thursday, November 13th. Barclays decreased their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Hold” and a consensus price target of $93.90.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $73.74 on Thursday. The company has a 50 day simple moving average of $78.95 and a two-hundred day simple moving average of $81.02. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 54.62, a P/E/G ratio of 4.75 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.93%.

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.