Banque Transatlantique SA Buys 149,915 Shares of Ingersoll Rand Inc. $IR

Banque Transatlantique SA boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 93.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 310,947 shares of the industrial products company’s stock after purchasing an additional 149,915 shares during the quarter. Ingersoll Rand comprises about 0.7% of Banque Transatlantique SA’s portfolio, making the stock its 26th biggest position. Banque Transatlantique SA owned 0.08% of Ingersoll Rand worth $25,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IR. Norges Bank purchased a new position in shares of Ingersoll Rand during the second quarter valued at $397,501,000. T. Rowe Price Investment Management Inc. lifted its stake in Ingersoll Rand by 28.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock worth $1,426,654,000 after acquiring an additional 3,989,643 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock worth $1,536,464,000 after acquiring an additional 1,849,030 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Ingersoll Rand by 8,153.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,614,212 shares of the industrial products company’s stock valued at $137,692,000 after purchasing an additional 1,594,653 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Ingersoll Rand by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after purchasing an additional 859,062 shares during the period. 95.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Stifel Nicolaus lifted their price target on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a report on Monday, October 20th. Zacks Research cut Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Wells Fargo & Company lifted their target price on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday. Four 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. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and an average price target of $91.22.

Ingersoll Rand Price Performance

Shares of IR opened at $81.74 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. The company’s fifty day moving average price is $78.35 and its 200-day moving average price is $80.83. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $102.04. The firm has a market capitalization of $32.30 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 5.39 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 EPS 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 firm 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 firm posted $0.84 EPS. The business’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. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is 5.93%.

Insider Buying and Selling at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.59% of the stock is owned by insiders.

Ingersoll Rand Company 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.