Carderock Capital Management Inc. Sells 2,781 Shares of Ingersoll Rand Inc. $IR

Carderock Capital Management Inc. decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,253 shares of the industrial products company’s stock after selling 2,781 shares during the period. Carderock Capital Management Inc.’s holdings in Ingersoll Rand were worth $5,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Captrust Financial Advisors lifted its holdings in shares of Ingersoll Rand by 11.8% during the 4th quarter. Captrust Financial Advisors now owns 13,387 shares of the industrial products company’s stock valued at $1,211,000 after buying an additional 1,409 shares during the period. Cetera Investment Advisers increased its position in Ingersoll Rand by 5.4% during the fourth quarter. Cetera Investment Advisers now owns 59,354 shares of the industrial products company’s stock valued at $5,369,000 after acquiring an additional 3,067 shares during the last quarter. Focus Partners Wealth increased its position in Ingersoll Rand by 204.0% during the fourth quarter. Focus Partners Wealth now owns 13,967 shares of the industrial products company’s stock valued at $1,264,000 after acquiring an additional 9,372 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in Ingersoll Rand by 44.2% in the fourth quarter. Graham Capital Management L.P. now owns 7,209 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 2,209 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ingersoll Rand by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,191 shares of the industrial products company’s stock worth $3,726,000 after purchasing an additional 1,741 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IR. Citigroup reaffirmed a “buy” rating and set a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the company a “hold” rating in a research report on Monday, August 4th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Melius cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research note on Monday, July 14th. Finally, Barclays cut their price objective 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.75.

Ingersoll Rand Price Performance

NYSE IR opened at $80.15 on Thursday. 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 12 month low of $65.61 and a 12 month high of $106.03. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 4.51 and a beta of 1.40. The company’s 50 day moving average is $82.21 and its two-hundred day moving average is $80.57.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s dividend 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.