Atria Wealth Solutions Inc. Sells 146 Shares of Ingersoll Rand Inc. $IR

Atria Wealth Solutions Inc. trimmed its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,746 shares of the industrial products company’s stock after selling 146 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ingersoll Rand were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Wealth Management LLC boosted its holdings in shares of Ingersoll Rand by 62.8% in 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 during the period. Golden State Wealth Management LLC boosted its holdings in shares of Ingersoll Rand by 190.9% in 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 during the period. Larson Financial Group LLC grew its stake in shares of Ingersoll Rand by 136.4% during the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after buying an additional 285 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Ingersoll Rand during the first quarter valued at approximately $40,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Ingersoll Rand during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.7%

Shares of NYSE:IR opened at $77.13 on Monday. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The stock has a market cap of $30.65 billion, a P/E ratio of 60.26, a price-to-earnings-growth ratio of 4.61 and a beta of 1.43. The business’s 50 day moving average is $79.84 and its 200 day moving average is $80.22. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. 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. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IR shares. Wells Fargo & Company upped 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. Morgan Stanley cut their target price 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. Melius cut Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 target price on Ingersoll Rand and gave the company a “hold” rating in a research note on Monday, August 4th. Finally, Barclays cut their target price on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.