Generali Asset Management SPA SGR Grows Position in Ingersoll Rand Inc. $IR

Generali Asset Management SPA SGR raised its position in Ingersoll Rand Inc. (NYSE:IR) by 6.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,682 shares of the industrial products company’s stock after acquiring an additional 1,173 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Ingersoll Rand were worth $1,637,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IR. Compass Wealth Management LLC lifted its holdings in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 137 shares during the period. Golden State Wealth Management LLC lifted its holdings in Ingersoll Rand by 190.9% in the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 313 shares during the period. Larson Financial Group LLC lifted its holdings in Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 285 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Ingersoll Rand in the first quarter worth about $40,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Ingersoll Rand in the first quarter worth about $41,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR opened at $77.13 on Friday. The business has a fifty day moving average of $79.84 and a 200 day moving average of $80.18. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock has a market cap of $30.65 billion, a P/E ratio of 60.26, a PEG ratio of 4.53 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business earned $0.83 EPS. Ingersoll Rand’s revenue 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. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

IR has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their target price on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the company a “hold” rating in a report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.00.

About Ingersoll Rand

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.