Ingersoll Rand Inc. $IR Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its position in Ingersoll Rand Inc. (NYSE:IR) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,267 shares of the industrial products company’s stock after selling 467 shares during the period. International Assets Investment Management LLC’s holdings in Ingersoll Rand were worth $272,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IR. Compass Wealth Management LLC increased its holdings in shares of Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 137 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Ingersoll Rand by 190.9% in the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 313 shares during the period. Larson Financial Group LLC increased its holdings in shares of Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 285 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ingersoll Rand in the 1st quarter worth about $40,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Ingersoll Rand in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Citigroup reissued a “buy” rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research report on Monday, July 14th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research report on Monday, July 14th. Melius downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a research report on Monday, July 14th. Finally, Robert W. Baird lifted their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.09.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $80.44 on Friday. The firm has a fifty day simple moving average of $79.86 and a 200-day simple moving average of $80.35. 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 Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 4.66 and a beta of 1.43.

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

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.