Ingersoll Rand Inc. $IR Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 46,279 shares of the industrial products company’s stock after selling 580 shares during the period. Mutual of America Capital Management LLC’s holdings in Ingersoll Rand were worth $3,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ingersoll Rand by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 46,269,471 shares of the industrial products company’s stock valued at $3,702,946,000 after acquiring an additional 585,455 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ingersoll Rand by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 19,745,039 shares of the industrial products company’s stock valued at $1,580,196,000 after acquiring an additional 866,759 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ingersoll Rand by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,198,593 shares of the industrial products company’s stock valued at $1,536,464,000 after acquiring an additional 1,849,030 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Ingersoll Rand by 28.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 17,826,488 shares of the industrial products company’s stock valued at $1,426,654,000 after acquiring an additional 3,989,643 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Ingersoll Rand by 7.8% during the 1st quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock valued at $341,018,000 after acquiring an additional 307,557 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. 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. Melius cut Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price target for the company. in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Stifel Nicolaus boosted 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. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $98.09.

Ingersoll Rand Stock Up 3.0%

Shares of Ingersoll Rand stock opened at $80.44 on Friday. The stock has a market capitalization of $31.97 billion, a P/E ratio of 62.84, a PEG ratio of 4.66 and a beta of 1.43. 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 50 day moving average price of $79.86 and a two-hundred day moving average price of $80.35. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.83 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities 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.