Kingswood Wealth Advisors LLC Has $795,000 Holdings in Ingersoll Rand Inc. $IR

Kingswood Wealth Advisors LLC lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,555 shares of the industrial products company’s stock after selling 317 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Compass Wealth Management LLC grew its holdings in shares of Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 313 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Ingersoll Rand by 54.4% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 172 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on IR shares. Barclays cut their target price 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. Citigroup restated a “buy” rating and set a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a research report on Monday, July 14th. Melius Research set a $93.00 target price on Ingersoll Rand in a research report on Monday, July 14th. Finally, Robert W. Baird raised their target price on Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Ingersoll Rand Trading Down 0.4%

Shares of IR opened at $81.02 on Thursday. The stock has a fifty day moving average price of $79.98 and a two-hundred day moving average price of $80.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 63.30, a PEG ratio of 4.80 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.02 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 6.25%.

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.