Tema Etfs LLC Cuts Stake in Ingersoll Rand Inc. $IR

Tema Etfs LLC lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 22.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,409 shares of the industrial products company’s stock after selling 22,780 shares during the period. Ingersoll Rand accounts for about 1.8% of Tema Etfs LLC’s investment portfolio, making the stock its 11th largest position. Tema Etfs LLC’s holdings in Ingersoll Rand were worth $6,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC grew its stake in Ingersoll Rand by 150.7% during the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ingersoll Rand during the first quarter valued at about $40,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of Ingersoll Rand in the second quarter worth about $42,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Ingersoll Rand in the first quarter worth about $43,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Ingersoll Rand in the second quarter worth about $45,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $79.96 on Friday. The business’s 50 day moving average price is $78.66 and its 200-day moving average price is $80.88. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $104.18. The company has a market cap of $31.59 billion, a P/E ratio of 59.23, a P/E/G ratio of 5.15 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 (NYSE:IR) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 EPS 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 firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’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. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given 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, November 13th. Ingersoll Rand’s dividend payout ratio is 5.93%.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the sale, the chief accounting officer owned 12,153 shares of the company’s stock, valued at $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.59% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IR has been the subject of several research analyst reports. Robert W. Baird cut their price target on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Zacks Research downgraded Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday. Finally, Citigroup lowered their price objective on shares of Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $93.90.

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.