Callan Family Office LLC Buys Shares of 5,924 Ingersoll Rand Inc. $IR

Callan Family Office LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR) during the second quarter, HoldingsChannel.com reports. The fund bought 5,924 shares of the industrial products company’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Compass Wealth Management LLC lifted its holdings in Ingersoll Rand by 62.8% in the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in 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 valued at $38,000 after purchasing an additional 313 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Ingersoll Rand by 136.4% in the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Ingersoll Rand in the 1st quarter valued at about $40,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Ingersoll Rand during the 1st quarter worth about $41,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a report on Monday, July 14th. Morgan Stanley cut their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Robert W. Baird increased their price objective on shares of Ingersoll Rand from $97.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Melius lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and set a $93.00 price objective on the stock. in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

Ingersoll Rand Stock Up 1.5%

Shares of NYSE:IR opened at $77.25 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $106.03. The company has a 50 day moving average of $79.82 and a two-hundred day moving average of $80.26. The company has a market capitalization of $30.70 billion, a price-to-earnings ratio of 60.35, a price-to-earnings-growth ratio of 4.49 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 (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.83 earnings per share. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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