Natixis Takes Position in Ingersoll Rand Inc. $IR

Natixis purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 41,091 shares of the industrial products company’s stock, valued at approximately $3,418,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Ingersoll Rand during the second quarter valued at about $397,501,000. T. Rowe Price Investment Management Inc. boosted its holdings in Ingersoll Rand by 28.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock valued at $1,426,654,000 after purchasing an additional 3,989,643 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after purchasing an additional 1,849,030 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ingersoll Rand by 8,153.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,614,212 shares of the industrial products company’s stock worth $137,692,000 after purchasing an additional 1,594,653 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Ingersoll Rand by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock valued at $3,920,151,000 after purchasing an additional 859,062 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 3.3%

NYSE IR opened at $80.98 on Thursday. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $102.98. The company has a 50-day simple moving average of $78.41 and a 200-day simple moving average of $80.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. The firm has a market capitalization of $31.99 billion, a PE ratio of 59.98, a price-to-earnings-growth ratio of 5.06 and a beta of 1.33.

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

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued 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 dividend payout ratio (DPR) is 5.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IR. Stifel Nicolaus raised their price target on shares of Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley decreased their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Wells Fargo & Company boosted their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Zacks Research cut shares of Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Finally, Robert W. Baird lowered their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.20.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,477 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the transaction, the chief accounting officer owned 12,153 shares in the company, valued at $979,896.39. The trade was a 10.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.

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.