TIAA Trust National Association Cuts Position in Ingersoll Rand Inc. $IR

TIAA Trust National Association lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 41.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,393 shares of the industrial products company’s stock after selling 12,821 shares during the quarter. TIAA Trust National Association’s holdings in Ingersoll Rand were worth $1,530,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Compass Wealth Management LLC grew its stake in Ingersoll Rand by 62.8% during the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after buying an additional 137 shares during the period. Larson Financial Group LLC boosted its position in Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 285 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Ingersoll Rand in the first quarter valued at about $40,000. Gladwyn Financial Advisors Inc. purchased a new position in Ingersoll Rand in the second quarter valued at about $42,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Ingersoll Rand in the first quarter worth about $43,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on IR shares. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Morgan Stanley reduced their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Robert W. Baird lowered their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a report on Monday. Finally, Melius Research set a $93.00 target price on Ingersoll Rand in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.64.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $76.01 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $79.77 and its two-hundred day moving average price is $80.89. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The stock has a market capitalization of $30.21 billion, a P/E ratio of 56.30, a P/E/G ratio of 4.55 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its earnings results 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, November 13th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.93%.

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.