MTM Investment Management LLC Takes $102,000 Position in Ingersoll Rand Inc. $IR

by · The Cerbat Gem

MTM Investment Management LLC purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,232 shares of the industrial products company’s stock, valued at approximately $102,000.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Ingersoll Rand by 1.5% in the 1st quarter. CWM LLC now owns 10,655 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 161 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of 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 buying an additional 285 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Ingersoll Rand by 0.3% in the first quarter. Victory Capital Management Inc. now owns 150,870 shares of the industrial products company’s stock valued at $12,074,000 after buying an additional 379 shares in the last quarter. Nwam LLC bought a new position in Ingersoll Rand in the first quarter valued at about $280,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Ingersoll Rand by 27.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 123,830 shares of the industrial products company’s stock worth $9,910,000 after acquiring an additional 26,413 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $75.34 on Monday. The firm’s 50-day simple moving average is $79.33 and its 200 day simple moving average is $81.11. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The stock has a market cap of $29.77 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 4.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16.

Ingersoll Rand (NYSE:IR – Get Free Report) 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). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business earned $0.84 EPS. Ingersoll Rand’s quarterly revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley decreased 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 report on Wednesday, August 13th. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Stifel Nicolaus increased their price target on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Barclays reduced their price objective on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, Zacks Research lowered Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.90.

Check Out Our Latest Analysis on Ingersoll Rand

Ingersoll Rand Profile

(Free Report)

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.

Featured Stories