GAM Holding AG Has $1.52 Million Holdings in Ingersoll Rand Inc. $IR

GAM Holding AG cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,320 shares of the industrial products company’s stock after selling 1,617 shares during the quarter. GAM Holding AG’s holdings in Ingersoll Rand were worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IR. Concurrent Investment Advisors LLC raised its stake in Ingersoll Rand by 14.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company’s stock worth $245,000 after buying an additional 385 shares during the period. Nordea Investment Management AB raised its position in shares of Ingersoll Rand by 4.3% during the second quarter. Nordea Investment Management AB now owns 1,797,823 shares of the industrial products company’s stock worth $149,920,000 after purchasing an additional 74,070 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ingersoll Rand by 14.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 726,564 shares of the industrial products company’s stock worth $58,147,000 after purchasing an additional 91,777 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Ingersoll Rand by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 190,986 shares of the industrial products company’s stock worth $15,285,000 after purchasing an additional 4,690 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Ingersoll Rand by 1,460.0% during the first quarter. Teacher Retirement System of Texas now owns 58,923 shares of the industrial products company’s stock worth $4,716,000 after purchasing an additional 55,146 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Robert W. Baird upped their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citigroup restated a “buy” rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Finally, Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research note on Monday, July 14th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.09.

Ingersoll Rand Trading Down 3.0%

NYSE:IR opened at $76.34 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 4.70 and a beta of 1.43. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $106.03. The firm has a 50-day moving average price of $79.84 and a two-hundred day moving average price of $80.74.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.10%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is 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 currently 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.