MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,921 Shares of Ingersoll Rand Inc. $IR

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,112 shares of the industrial products company’s stock after acquiring an additional 1,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ingersoll Rand were worth $3,450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ingersoll Rand by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company’s stock valued at $3,702,946,000 after acquiring an additional 585,455 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ingersoll Rand by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock valued at $1,580,196,000 after acquiring an additional 866,759 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ingersoll Rand by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after acquiring 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 1st 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 acquiring an additional 3,989,643 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Ingersoll Rand by 7.8% in the 1st quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock valued at $341,018,000 after acquiring an additional 307,557 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on IR shares. Morgan Stanley lowered their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research report on Monday, July 14th. Citigroup reissued a “buy” rating and issued a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Barclays reduced their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, Melius lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective on the stock. in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.75.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $78.87 on Friday. The firm has a market cap of $31.35 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.40. The firm’s 50 day simple moving average is $81.93 and its 200-day simple moving average is $80.53. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, equities 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, September 4th. Investors of record on Thursday, August 14th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 6.25%.

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.