Glaxis Capital Management LLC Takes Position in Ingersoll Rand Inc. $IR

Glaxis Capital Management LLC purchased a new position in Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 5,000 shares of the industrial products company’s stock, valued at approximately $416,000.

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

Ingersoll Rand Price Performance

NYSE IR opened at $75.34 on Friday. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 4.90 and a beta of 1.43. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. 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 business’s fifty day moving average price is $79.33 and its 200-day moving average price is $81.03.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’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 predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed 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. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is 5.93%.

Wall Street Analyst Weigh In

IR has been the subject of several analyst reports. Barclays reduced their price target on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Citigroup reduced their price objective on shares of Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley cut their target price on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.90.

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.