Ingersoll Rand (NYSE:IR) CAO Michael Scheske Sells 1,477 Shares

Ingersoll Rand Inc. (NYSE:IR) CAO Michael Scheske sold 1,477 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ingersoll Rand Trading Up 0.7%

Shares of NYSE IR traded up $0.56 during trading hours on Wednesday, hitting $79.74. The company’s stock had a trading volume of 1,525,006 shares, compared to its average volume of 3,061,793. The business has a 50-day simple moving average of $78.69 and a 200-day simple moving average of $80.89. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 59.07, a P/E/G ratio of 5.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $104.73.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). Ingersoll Rand had a return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.93%.

Wall Street Analyst Weigh In

Several brokerages have commented on IR. Morgan Stanley lowered their price objective on shares of Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Citigroup lowered their target price on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company upped their price target on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Stifel Nicolaus increased their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ingersoll Rand presently has an average rating of “Hold” and a consensus target price of $93.90.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently bought and sold shares of IR. Rathbones Group PLC increased its stake in Ingersoll Rand by 1.4% during the 1st quarter. Rathbones Group PLC now owns 9,044 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 121 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Ingersoll Rand by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 130 shares in the last quarter. Whittier Trust Co. raised its holdings in Ingersoll Rand by 8.5% in the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 131 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Ingersoll Rand by 2.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,918 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 136 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Ingersoll Rand by 0.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

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.