Northwestern Mutual Wealth Management Co. Sells 6,731 Shares of Ingersoll Rand Inc. $IR

Key Points

• Northwestern Mutual Wealth Management Co. reduced its holdings in Ingersoll Rand by 22.8% in Q1, now owning 22,845 shares valued at approximately $1.83 million.
• Ingersoll Rand reported $0.80 earnings per share for the last quarter, meeting expectations, and had a revenue of $1.89 billion, up by 4.6% year-over-year.
• The company declared a quarterly dividend of $0.02 per share, with a record date of August 14th, resulting in a 0.1% dividend yield.

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,845 shares of the industrial products company's stock after selling 6,731 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Ingersoll Rand were worth $1,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rathbones Group PLC increased its holdings in 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 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 buying an additional 137 shares during the period. CWM LLC increased its holdings in 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 holdings in 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 holdings in 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 Down 1.3%

Ingersoll Rand stock traded down $0.98 during trading hours on Wednesday, reaching $76.96. 785,689 shares of the company's stock traded hands, compared to its average volume of 2,915,430. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The firm has a market capitalization of $30.59 billion, a price-to-earnings ratio of 60.11, a PEG ratio of 4.50 and a beta of 1.40. The firm's 50 day moving average is $82.81 and its 200-day moving average is $80.79.

Ingersoll Rand (NYSE:IR - Get Free Report) last released 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 net margin of 7.10% and a return on equity of 12.12%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $0.83 EPS. The company'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. On average, analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's dividend payout ratio is presently 6.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IR. Stifel Nicolaus set a $78.00 target price on shares of Ingersoll Rand and gave the company a "hold" rating in a research note on Monday, August 4th. Barclays reduced their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Melius Research set a $93.00 target price on shares of Ingersoll Rand in a research note on Monday, July 14th. Robert W. Baird boosted their target price on shares of Ingersoll Rand from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Citigroup restated a "buy" rating and issued a $104.00 target price (up previously from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.