American Century Companies Inc. Has $2.55 Million Position in Ingersoll Rand Inc. $IR

Key Points

• American Century Companies Inc. cut its stake in Ingersoll Rand by 50.6% during the first quarter, now holding 31,795 shares worth approximately $2.55 million.
• Ingersoll Rand reported a quarterly earnings per share of $0.80, meeting analysts' consensus estimates, and revenue of $1.89 billion for the quarter.
• Analysts have set a consensus price target of $97.75 for Ingersoll Rand, with six ratings indicating a "Buy" and seven a "Hold."

American Century Companies Inc. decreased its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,795 shares of the industrial products company's stock after selling 32,547 shares during the quarter. American Century Companies Inc.'s holdings in Ingersoll Rand were worth $2,545,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rathbones Group PLC increased its stake in shares of Ingersoll Rand by 1.4% in the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company's stock valued at $724,000 after buying an additional 121 shares during the period. Compass Wealth Management LLC increased its stake 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 valued at $28,000 after buying an additional 137 shares during the period. CWM LLC increased its stake in shares of Ingersoll Rand by 1.5% in the 1st quarter. CWM LLC now owns 10,655 shares of the industrial products company's stock valued at $853,000 after buying an additional 161 shares during the period. Rothschild Investment LLC increased its stake in shares of Ingersoll Rand by 33.5% in the 1st quarter. Rothschild Investment LLC now owns 654 shares of the industrial products company's stock valued at $52,000 after buying an additional 164 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its stake in shares of Ingersoll Rand by 1.3% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 13,342 shares of the industrial products company's stock valued at $1,207,000 after buying an additional 169 shares during the period. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 2.3%

NYSE:IR traded up $1.81 on Thursday, reaching $79.19. The company's stock had a trading volume of 744,955 shares, compared to its average volume of 2,906,785. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The firm has a market cap of $31.47 billion, a PE ratio of 61.85, a PEG ratio of 4.50 and a beta of 1.40. The business's 50-day moving average price is $82.69 and its two-hundred day moving average price is $80.77.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted 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 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 period in the previous year, the firm 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 research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given 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 of this dividend is Thursday, August 14th. Ingersoll Rand's dividend payout ratio is currently 6.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays lowered their target price 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. 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 objective for the company. in a research note on Monday, July 14th. Stifel Nicolaus set a $78.00 price objective on Ingersoll Rand and gave the stock a "hold" rating in a research note on Monday, August 4th. Finally, Citigroup reaffirmed a "buy" rating and set a $104.00 price objective (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of "Hold" and an average price target 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.