Ingersoll Rand Inc. $IR Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,191 shares of the industrial products company’s stock after buying an additional 1,056 shares during the period. Marks Group Wealth Management Inc’s holdings in Ingersoll Rand were worth $8,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Running Oak Capital LLC raised its position in shares of Ingersoll Rand by 6.5% in the second quarter. Running Oak Capital LLC now owns 190,661 shares of the industrial products company’s stock valued at $15,859,000 after buying an additional 11,673 shares during the last quarter. Grimes & Company Inc. raised its position in shares of Ingersoll Rand by 4.4% in the second quarter. Grimes & Company Inc. now owns 3,973 shares of the industrial products company’s stock valued at $330,000 after buying an additional 166 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Ingersoll Rand by 6.2% in the second quarter. QRG Capital Management Inc. now owns 8,143 shares of the industrial products company’s stock valued at $677,000 after buying an additional 474 shares during the last quarter. Consilium Wealth Advisory LLC raised its position in shares of Ingersoll Rand by 1.1% in the second quarter. Consilium Wealth Advisory LLC now owns 16,961 shares of the industrial products company’s stock valued at $1,411,000 after buying an additional 186 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Ingersoll Rand in the second quarter valued at about $111,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of IR opened at $83.98 on Monday. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The stock has a market cap of $33.38 billion, a PE ratio of 65.61, a P/E/G ratio of 4.92 and a beta of 1.43. The firm has a 50-day simple moving average of $80.29 and a two-hundred day simple moving average of $80.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63.

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

Ingersoll Rand Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 6.25%.

Analysts Set New Price Targets

IR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Saturday, September 27th. Morgan Stanley reduced their target price on shares of 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 downgraded shares of 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 shares of Ingersoll Rand and gave the stock a “hold” rating in a research note on Monday, August 4th. Finally, Barclays reduced their target price on shares of 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 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 a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.