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

Ingersoll Rand Inc. (NYSE:IR) CAO Michael Scheske sold 1,477 shares of the business’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 transaction, the chief accounting officer owned 12,153 shares in the company, valued at $979,896.39. This trade represents a 10.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ingersoll Rand Stock Up 0.3%

IR opened at $79.96 on Friday. The company has a market capitalization of $31.59 billion, a PE ratio of 59.23, a price-to-earnings-growth ratio of 5.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $104.18. The business has a 50-day moving average of $78.66 and a 200-day moving average of $80.88.

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

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, November 13th. Ingersoll Rand’s payout ratio is presently 5.93%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IR. Citigroup cut their target price on Ingersoll Rand from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus raised their price objective on Ingersoll Rand from $78.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Morgan Stanley reduced their target price on Ingersoll Rand from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Robert W. Baird lowered their price target on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Zacks Research cut shares of Ingersoll Rand from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IR. NewSquare Capital LLC boosted its position in shares of Ingersoll Rand by 150.7% in 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 during the period. Heartwood Wealth Advisors LLC bought a new position in Ingersoll Rand during the third quarter worth $36,000. Grey Fox Wealth Advisors LLC acquired a new position in Ingersoll Rand during the 3rd quarter valued at $36,000. Westside Investment Management Inc. boosted its holdings in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Ingersoll Rand in the 1st quarter worth $40,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Company 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.