Osaic Holdings Inc. Has $5.26 Million Stock Position in Ingersoll Rand Inc. $IR

Osaic Holdings Inc. lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,541 shares of the industrial products company’s stock after purchasing an additional 8,343 shares during the period. Osaic Holdings Inc.’s holdings in Ingersoll Rand were worth $5,263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IR. Vanguard Group Inc. boosted its stake in shares of Ingersoll Rand by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after acquiring an additional 859,062 shares in the last quarter. State Street Corp lifted its holdings in Ingersoll Rand by 1.5% in the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock worth $1,373,694,000 after purchasing an additional 239,779 shares during the last quarter. Franklin Resources Inc. boosted its position in Ingersoll Rand by 4.5% during the second quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock worth $1,106,083,000 after purchasing an additional 574,437 shares during the period. Geode Capital Management LLC grew its holdings in Ingersoll Rand by 2.1% during the second quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock valued at $844,028,000 after purchasing an additional 211,316 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Ingersoll Rand by 0.6% in the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after purchasing an additional 38,999 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.4%

IR opened at $81.42 on Wednesday. The firm has a market cap of $32.17 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 5.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. The firm’s 50-day simple moving average is $78.48 and its 200-day simple moving average is $80.72. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $95.85.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. Ingersoll Rand’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.93%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the transaction, the chief accounting officer owned 12,153 shares in the company, valued at approximately $979,896.39. The trade was a 10.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Robert W. Baird dropped their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Citigroup increased their price objective on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $91.44.

Ingersoll Rand Profile

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.