Key Points
- Ingersoll Rand CAO Michael Scheske sold 1,477 shares at an average price of $80.63 (totaling $119,090.51), reducing his stake by 10.84% to 12,153 shares, per an SEC filing.
- The company reported Q3 EPS of $0.86 (vs. $0.87 consensus) and revenue of $1.96B, and set FY2025 guidance of $3.250–$3.310 EPS (analysts expect ~$3.32).
- Ingersoll Rand declared a quarterly dividend of $0.02 (annualized $0.08, ~0.1% yield) payable December 4 with an ex-dividend/record date listed as November 13.
Ingersoll Rand Inc. (NYSE:IR - Get Free Report) CAO Michael Scheske sold 1,477 shares of the company's stock in a transaction dated Monday, December 1st. The stock was 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 directly owned 12,153 shares of the company's stock, valued at approximately $979,896.39. The trade was a 10.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ingersoll Rand Stock Performance
NYSE:IR opened at $79.74 on Thursday. The stock's 50-day moving average is $78.67 and its 200-day moving average is $80.88. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $104.73. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.51 billion, a P/E ratio of 59.07, a price-to-earnings-growth ratio of 5.11 and a beta of 1.33.
Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.02 dividend. The ex-dividend date of this dividend 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%.
Institutional Trading of Ingersoll Rand
Large investors have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new position in Ingersoll Rand during the first quarter worth $207,000. Moors & Cabot Inc. raised its holdings in shares of Ingersoll Rand by 7.5% during the first quarter. Moors & Cabot Inc. now owns 3,251 shares of the industrial products company's stock valued at $260,000 after purchasing an additional 226 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Ingersoll Rand by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 190,986 shares of the industrial products company's stock worth $15,285,000 after purchasing an additional 4,690 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Ingersoll Rand by 17.7% during the 1st quarter. Blair William & Co. IL now owns 15,364 shares of the industrial products company's stock worth $1,230,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Cary Street Partners Financial LLC grew its stake in shares of Ingersoll Rand by 37.4% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,010 shares of the industrial products company's stock valued at $321,000 after buying an additional 1,091 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on IR shares. 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 report on Monday, November 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a research report on Monday. Stifel Nicolaus upped their target price on Ingersoll Rand from $78.00 to $79.00 and gave the company a "hold" rating in a report on Monday, October 20th. Citigroup decreased their target price 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. Finally, Morgan Stanley dropped their price target on shares of Ingersoll Rand from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $93.90.
Check Out Our Latest Report on IR
Ingersoll Rand Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
