Acadian Asset Management LLC Makes New $10.75 Million Investment in Ingersoll Rand Inc. $IR

Acadian Asset Management LLC purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 129,200 shares of the industrial products company’s stock, valued at approximately $10,746,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of Ingersoll Rand by 1.5% during the first quarter. CWM LLC now owns 10,655 shares of the industrial products company’s stock worth $853,000 after buying an additional 161 shares in the last quarter. Edgestream Partners L.P. grew its position in Ingersoll Rand by 201.1% during the 1st quarter. Edgestream Partners L.P. now owns 73,757 shares of the industrial products company’s stock worth $5,903,000 after acquiring an additional 49,265 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Ingersoll Rand by 13.7% in the 1st quarter. Apollon Wealth Management LLC now owns 7,522 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 906 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Ingersoll Rand by 40.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,562 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 737 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Ingersoll Rand by 16.3% during the first quarter. Wealthfront Advisers LLC now owns 30,661 shares of the industrial products company’s stock valued at $2,454,000 after purchasing an additional 4,301 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IR shares. Stifel Nicolaus upped their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Barclays reduced their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Robert W. Baird reduced their price objective on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Citigroup lowered their target price on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.64.

Ingersoll Rand Price Performance

IR stock opened at $77.18 on Wednesday. The firm has a market cap of $30.50 billion, a P/E ratio of 57.17, a P/E/G ratio of 4.96 and a beta of 1.43. The firm’s fifty day moving average is $79.49 and its 200 day moving average is $81.08. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s quarterly 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. Research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders 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 dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.93%.

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.