Ingersoll Rand Inc. $IR Position Decreased by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,687 shares of the industrial products company’s stock after selling 10,654 shares during the period. Federated Hermes Inc. owned about 0.06% of Ingersoll Rand worth $18,357,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rathbones Group PLC increased its holdings in shares of Ingersoll Rand by 1.4% in the first quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock valued at $724,000 after buying an additional 121 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 2.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 136 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Ingersoll Rand by 0.7% during the second quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock worth $1,556,000 after purchasing an additional 138 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Ingersoll Rand by 5.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,942 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 147 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Ingersoll Rand by 14.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Up 3.3%

Ingersoll Rand stock opened at $80.98 on Thursday. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $102.98. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.99 billion, a P/E ratio of 59.98, a P/E/G ratio of 5.06 and a beta of 1.33. The company’s fifty day simple moving average is $78.41 and its 200-day simple moving average is $80.81.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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 net margin of 7.31% and a return on equity of 12.14%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.84 EPS. Ingersoll Rand’s revenue for the quarter was up 5.1% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.93%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Zacks Research lowered shares of Ingersoll Rand from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Stifel Nicolaus upped their price target on shares of 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 lowered their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Finally, Citigroup increased their target price on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and a consensus target price of $94.20.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

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.