MASTERINVEST Kapitalanlage GmbH Makes New Investment in Ingersoll Rand Inc. $IR

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 18,228 shares of the industrial products company’s stock, valued at approximately $1,516,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 valued at $3,920,151,000 after acquiring an additional 859,062 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ingersoll Rand by 10.7% in the first 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 purchasing an additional 1,849,030 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 valued at $1,426,654,000 after purchasing an additional 3,989,643 shares in the last quarter. State Street Corp boosted its position in shares of Ingersoll Rand by 1.5% during the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after buying an additional 239,779 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Ingersoll Rand by 4.5% during the second quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock valued at $1,106,083,000 after buying an additional 574,437 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity

In other news, CAO Michael J. Scheske sold 1,477 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at $979,896.39. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IR has been the subject of a number of analyst reports. Citigroup increased their price target on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Stifel Nicolaus increased their target price on shares of 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 shares of Ingersoll Rand from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 8th. Finally, Robert W. Baird dropped their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.22.

Ingersoll Rand Stock Performance

NYSE IR opened at $81.74 on Monday. The company has a market capitalization of $32.30 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 5.28 and a beta of 1.33. 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 Inc. has a 52-week low of $65.61 and a 52-week high of $102.04. The company has a 50-day simple moving average of $78.35 and a 200 day simple moving average of $80.81.

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

Ingersoll Rand Announces Dividend

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

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.