Ingersoll Rand Inc. $IR Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Ingersoll Rand Inc. (NYSE:IR) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,095 shares of the industrial products company’s stock after selling 13,786 shares during the period. Corient Private Wealth LLC owned about 0.06% of Ingersoll Rand worth $19,056,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IR. NewSquare Capital LLC boosted its stake 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 worth $28,000 after acquiring an additional 205 shares during the last quarter. Gladwyn Financial Advisors Inc. purchased a new position in Ingersoll Rand in the 2nd quarter valued at $42,000. Legacy Wealth Managment LLC ID acquired a new stake in Ingersoll Rand during the 1st quarter worth $43,000. Legacy Investment Solutions LLC acquired a new stake in Ingersoll Rand during the 2nd quarter worth $45,000. Finally, Osterweis Capital Management Inc. grew its holdings in shares of Ingersoll Rand by 6,210.0% during the second quarter. Osterweis Capital Management Inc. now owns 631 shares of the industrial products company’s stock worth $52,000 after buying an additional 621 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the sale, the chief accounting officer directly owned 12,153 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IR shares. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Stifel Nicolaus boosted their target price on Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Tuesday. Citigroup upped their price target on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Robert W. Baird reduced their price objective on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Wells Fargo & Company boosted their price objective on Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $91.44.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $78.11 on Thursday. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $97.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16. The company’s 50 day simple moving average is $78.23 and its 200-day simple moving average is $80.78. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 57.86, a price-to-earnings-growth ratio of 5.14 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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). 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 analyst estimates of $1.95 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.93%.

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.