Yousif Capital Management LLC Sells 7,819 Shares of Ingersoll Rand Inc. $IR

Yousif Capital Management LLC decreased its position in Ingersoll Rand Inc. (NYSE:IR) by 15.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,320 shares of the industrial products company’s stock after selling 7,819 shares during the quarter. Yousif Capital Management LLC’s holdings in Ingersoll Rand were worth $3,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CreativeOne Wealth LLC boosted its holdings in shares of Ingersoll Rand by 39.1% in the first quarter. CreativeOne Wealth LLC now owns 5,824 shares of the industrial products company’s stock worth $466,000 after buying an additional 1,637 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Ingersoll Rand during the 1st quarter worth $57,000. State of Wyoming grew its position in shares of Ingersoll Rand by 75.1% during the 1st quarter. State of Wyoming now owns 1,380 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 592 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Ingersoll Rand by 142.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 239,904 shares of the industrial products company’s stock valued at $19,200,000 after acquiring an additional 140,795 shares during the period. Finally, Magnetar Financial LLC increased its stake in shares of Ingersoll Rand by 60.4% in the 1st quarter. Magnetar Financial LLC now owns 84,877 shares of the industrial products company’s stock worth $6,793,000 after purchasing an additional 31,953 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird lowered their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday. Stifel Nicolaus increased their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, Citigroup upped their price target on shares of Ingersoll Rand from $91.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus target price of $91.44.

Ingersoll Rand Stock Down 0.4%

NYSE IR opened at $81.25 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 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 $32.10 billion, a PE ratio of 60.18, a P/E/G ratio of 5.27 and a beta of 1.33. The stock’s 50 day moving average is $78.77 and its 200 day moving average is $80.72.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’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. Research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced 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 dividend yield of 0.1%. The ex-dividend date was Thursday, November 13th. Ingersoll Rand’s payout ratio is currently 5.93%.

Ingersoll Rand Profile

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.