CHURCHILL MANAGEMENT Corp Has $1.49 Million Position in Ingersoll Rand Inc. $IR

CHURCHILL MANAGEMENT Corp trimmed its position in Ingersoll Rand Inc. (NYSE:IR) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,933 shares of the industrial products company’s stock after selling 297 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Ingersoll Rand were worth $1,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IR. Compass Wealth Management LLC raised its holdings in Ingersoll Rand by 62.8% in the first quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 137 shares during the period. Golden State Wealth Management LLC raised its stake in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after buying an additional 313 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 172 shares in the last quarter. Larson Financial Group LLC grew its stake in Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 285 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Ingersoll Rand in the first quarter worth about $40,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IR. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the stock a “hold” rating in a report on Monday, August 4th. Citigroup reaffirmed a “buy” rating and issued a $104.00 price target (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Morgan Stanley lowered their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. Finally, Barclays dropped their price objective on shares of Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.75.

Ingersoll Rand Trading Up 0.8%

Ingersoll Rand stock opened at $84.18 on Friday. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The company has a market cap of $33.46 billion, a price-to-earnings ratio of 65.77, a P/E/G ratio of 4.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. The firm has a 50-day moving average of $80.38 and a 200-day moving average of $80.37.

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

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand’s dividend payout ratio (DPR) is 6.25%.

Ingersoll Rand 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.