Allianz Asset Management GmbH Reduces Stock Holdings in Ingersoll Rand Inc. $IR

Allianz Asset Management GmbH lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 35.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,168 shares of the industrial products company’s stock after selling 12,996 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ingersoll Rand were worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its stake in shares of Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 137 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 313 shares in the last quarter. Larson Financial Group LLC grew its holdings in Ingersoll Rand by 136.4% during the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 285 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Ingersoll Rand in the first quarter worth about $40,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Ingersoll Rand in the first quarter worth about $43,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Down 0.6%

Shares of IR opened at $79.86 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week 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. The company’s fifty day moving average is $79.89 and its 200 day moving average is $80.54. The stock has a market capitalization of $31.74 billion, a PE ratio of 62.39, a P/E/G ratio of 4.76 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $0.83 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.02 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Melius Research set a $93.00 price objective on Ingersoll Rand in a research note 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 for the company in a research note on Monday, August 4th. Stifel Nicolaus upped their target price on shares of Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Saturday. Finally, Robert W. Baird boosted their price objective on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.09.

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.