Cwm LLC Sells 837 Shares of Ingersoll Rand Inc. $IR

Cwm LLC reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,818 shares of the industrial products company’s stock after selling 837 shares during the quarter. Cwm LLC’s holdings in Ingersoll Rand were worth $817,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IR. Compass Wealth Management LLC grew its position 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 buying an additional 137 shares during the last quarter. Golden State Wealth Management LLC lifted its stake 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 valued at $38,000 after purchasing an additional 313 shares during the period. Larson Financial Group LLC lifted its stake 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 valued at $39,000 after purchasing an additional 285 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at approximately $40,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at approximately $41,000. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Shares of IR opened at $78.19 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $106.03. The firm has a market capitalization of $31.08 billion, a P/E ratio of 61.09, a PEG ratio of 4.75 and a beta of 1.43. The business has a fifty day moving average of $79.85 and a 200 day moving average of $80.26.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. Ingersoll Rand’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, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IR. Weiss Ratings restated a “hold (c-)” rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Barclays lowered their price objective on Ingersoll Rand from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Morgan Stanley lowered their price objective on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus lifted their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.09.

About Ingersoll Rand

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.