Czech National Bank Sells 6,760 Shares of Ingersoll Rand Inc. $IR

Czech National Bank reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,860 shares of the industrial products company’s stock after selling 6,760 shares during the period. Czech National Bank’s holdings in Ingersoll Rand were worth $7,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewSquare Capital LLC grew its position in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter valued at $36,000. Gladwyn Financial Advisors Inc. purchased a new position in Ingersoll Rand during the 2nd quarter valued at $42,000. Legacy Wealth Managment LLC ID bought a new position in Ingersoll Rand in the 1st quarter worth $43,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $45,000. Institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird lowered their target price on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” 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. Citigroup raised their price objective on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.44.

Ingersoll Rand Trading Up 0.5%

Ingersoll Rand stock opened at $79.24 on Friday. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $95.85. The company has a market capitalization of $31.31 billion, a price-to-earnings ratio of 58.70, a price-to-earnings-growth ratio of 5.09 and a beta of 1.33. The business’s fifty day simple moving average is $78.30 and its two-hundred day simple moving average is $80.75. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

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

Ingersoll Rand Dividend Announcement

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

About Ingersoll Rand

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.