Ingersoll Rand Inc. $IR Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,279 shares of the industrial products company’s stock after selling 580 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ingersoll Rand were worth $3,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in shares of Ingersoll Rand by 14.4% during the first quarter. Concurrent Investment Advisors LLC now owns 3,066 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 385 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Ingersoll Rand by 4.3% during the second quarter. Nordea Investment Management AB now owns 1,797,823 shares of the industrial products company’s stock valued at $149,920,000 after purchasing an additional 74,070 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Ingersoll Rand by 14.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 726,564 shares of the industrial products company’s stock valued at $58,147,000 after purchasing an additional 91,777 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Ingersoll Rand by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 190,986 shares of the industrial products company’s stock valued at $15,285,000 after purchasing an additional 4,690 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Ingersoll Rand by 1,460.0% during the first quarter. Teacher Retirement System of Texas now owns 58,923 shares of the industrial products company’s stock valued at $4,716,000 after purchasing an additional 55,146 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Price Performance

NYSE IR opened at $80.44 on Friday. The stock’s 50-day moving average price is $79.86 and its two-hundred day moving average price is $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. The company has a market cap of $31.97 billion, a PE ratio of 62.84, a PEG ratio of 4.66 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.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday. Melius Research set a $93.00 price target on shares of Ingersoll Rand in a research report on Monday, July 14th. Morgan Stanley dropped their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. 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. Finally, Robert W. Baird boosted their price target 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 equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.