ABN Amro Investment Solutions Acquires New Stake in Ingersoll Rand Inc. $IR

ABN Amro Investment Solutions bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,960 shares of the industrial products company’s stock, valued at approximately $9,063,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after buying an additional 205 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 worth $39,000 after acquiring an additional 285 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Ingersoll Rand in the first quarter worth about $40,000. Gladwyn Financial Advisors Inc. acquired a new stake in Ingersoll Rand in the 2nd quarter valued at about $42,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Ingersoll Rand during the 1st quarter valued at about $43,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Up 0.5%

Shares of Ingersoll Rand stock opened at $77.75 on Thursday. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The company has a market cap of $30.72 billion, a P/E ratio of 57.59, a P/E/G ratio of 4.97 and a beta of 1.43. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $79.50 and a 200 day moving average price of $81.06.

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 analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company earned $0.84 earnings per share. Ingersoll Rand’s revenue for the quarter was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, analysts expect that Ingersoll Rand Inc. will post 3.32 EPS 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. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s payout ratio is currently 5.93%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IR. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Morgan Stanley reduced their price objective on 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. Robert W. Baird cut their target price on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Barclays decreased their price target on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and an average price target of $93.90.

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.