Chicago Partners Investment Group LLC Buys Shares of 2,402 Ingersoll Rand Inc. $IR

Chicago Partners Investment Group LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,402 shares of the industrial products company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC grew its position in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC grew 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 position 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Ingersoll Rand during the first quarter valued at approximately $40,000. Finally, Gladwyn Financial Advisors Inc. purchased a new position in Ingersoll Rand during the second quarter valued at approximately $42,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IR shares. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research report on Monday, July 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a research report on Saturday. Barclays decreased their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, Citigroup reissued a “buy” rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average price target of $98.09.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $79.86 on Friday. The firm has a fifty day simple moving average of $79.89 and a 200-day simple moving average of $80.54. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 62.39, a PEG 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 earnings per share 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 in the previous year, the company earned $0.83 earnings per share. Ingersoll Rand’s revenue for the quarter was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. On average, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s payout ratio is presently 6.25%.

Ingersoll Rand Company 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.