Farther Finance Advisors LLC Has $258,000 Stock Holdings in Ingersoll Rand Inc. $IR

Farther Finance Advisors LLC increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,106 shares of the industrial products company’s stock after acquiring an additional 161 shares during the period. Farther Finance Advisors LLC’s holdings in Ingersoll Rand were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Ingersoll Rand by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company’s stock worth $3,702,946,000 after acquiring an additional 585,455 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ingersoll Rand by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock worth $1,580,196,000 after acquiring an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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. T. Rowe Price Investment Management Inc. boosted its position in shares of Ingersoll Rand by 28.8% during the 1st 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 in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Ingersoll Rand by 7.8% during the 1st quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock worth $341,018,000 after acquiring an additional 307,557 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $82.66 on Wednesday. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 4.65 and a beta of 1.40. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The company’s fifty day simple moving average is $80.50 and its 200 day simple moving average is $80.34.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%. Ingersoll Rand’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.02 dividend. 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 payout ratio is 6.25%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IR. Melius Research set a $93.00 price target 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 previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Barclays dropped their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, Morgan Stanley dropped their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.75.

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.