Callan Family Office LLC Invests $493,000 in Ingersoll Rand Inc. $IR

Key Points

• Callan Family Office LLC invested approximately $493,000 in Ingersoll Rand Inc. by acquiring 5,924 shares in the 2nd quarter, indicating growing institutional interest in the company.
• Ingersoll Rand has a market cap of $30.70 billion and reported a quarterly revenue of $1.89 billion, exceeding analysts' expectations, with a year-over-year revenue growth of 4.6%.
• The company has received mixed ratings from analysts, with an average rating of "Moderate Buy" and a consensus price target of $98.00 per share.

Callan Family Office LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,924 shares of the industrial products company's stock, valued at approximately $493,000.

Other institutional investors have also modified their holdings of the company. Compass Wealth Management LLC increased its holdings 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 acquiring an additional 137 shares during the period. Golden State Wealth Management LLC increased its holdings 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 acquiring an additional 313 shares during the period. Larson Financial Group LLC increased its holdings 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 acquiring an additional 285 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ingersoll Rand in the 1st quarter valued at $40,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Ingersoll Rand in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IR shares. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Melius Research set a $93.00 price objective on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a research note on Monday, July 14th. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Ingersoll Rand in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Ingersoll Rand Stock Performance

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 fifty-two week low of $65.61 and a fifty-two week high of $106.03. The stock has a market cap of $30.70 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 4.49 and a beta of 1.43. The firm's fifty day simple moving average is $79.82 and its 200-day simple moving average is $80.26.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's dividend payout ratio is presently 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.

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