Ingersoll Rand Inc. $IR Shares Bought by First National Advisers LLC

First National Advisers LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 37,942 shares of the industrial products company’s stock after buying an additional 941 shares during the quarter. First National Advisers LLC’s holdings in Ingersoll Rand were worth $3,156,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its position in shares of Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Ingersoll Rand in the 1st quarter valued at $40,000. Gladwyn Financial Advisors Inc. acquired a new stake in Ingersoll Rand during the 2nd quarter worth $42,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Ingersoll Rand during the first quarter worth $43,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Ingersoll Rand in the second quarter valued at about $45,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.6%

IR opened at $80.34 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $105.65. The stock has a market capitalization of $31.74 billion, a P/E ratio of 59.51, a P/E/G ratio of 5.16 and a beta of 1.43. The business has a 50 day simple moving average of $78.78 and a 200-day simple moving average of $80.99.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors 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 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.93%.

Analyst Ratings Changes

Several research analysts have recently commented on IR shares. Robert W. Baird reduced their price target on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Barclays dropped their price objective on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Zacks Research downgraded Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Morgan Stanley decreased their price target on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Finally, Citigroup lowered their price objective on shares of Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.90.

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.