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

CHURCHILL MANAGEMENT Corp cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

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

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $84.18 on Friday. The business’s 50-day simple moving average is $80.38 and its 200 day simple moving average is $80.37. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock 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. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last released its 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s 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. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 6.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on IR. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Melius downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research report on Monday, July 14th. Citigroup reissued a “buy” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius Research set a $93.00 target price on Ingersoll Rand in a research note on Monday, July 14th. Finally, Barclays cut their price target on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average target price of $97.75.

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.