Ingersoll Rand Inc. $IR Stock Holdings Trimmed by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,987 shares of the industrial products company’s stock after selling 267 shares during the quarter. Securian Asset Management Inc.’s holdings in Ingersoll Rand were worth $1,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Wealth Management LLC increased 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 valued at $28,000 after buying an additional 137 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Ingersoll Rand by 190.9% in the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 313 shares during the period. Larson Financial Group LLC boosted 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. Caitong International Asset Management Co. Ltd acquired a new position in Ingersoll Rand in the first quarter valued at approximately $40,000. Finally, Alpine Bank Wealth Management acquired a new position in Ingersoll Rand in the first quarter valued at approximately $41,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Down 1.7%

Shares of NYSE:IR opened at $78.19 on Thursday. The stock has a market capitalization of $31.08 billion, a PE ratio of 61.09, a P/E/G ratio of 4.75 and a beta of 1.43. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $106.03. The firm has a fifty day moving average price of $79.85 and a 200 day moving average price of $80.26. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) 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 company 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 company earned $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. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on IR. Robert W. Baird lifted their target price on Ingersoll Rand from $97.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Citigroup reiterated a “buy” rating and set a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Melius cut Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.09.

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.