Texas Permanent School Fund Corp Has $2.36 Million Stock Holdings in Ingersoll Rand Inc. $IR

Texas Permanent School Fund Corp lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 34.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,379 shares of the industrial products company’s stock after selling 15,236 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Ingersoll Rand were worth $2,361,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norinchukin Bank The increased its holdings in Ingersoll Rand by 15.5% in the first quarter. Norinchukin Bank The now owns 21,325 shares of the industrial products company’s stock valued at $1,707,000 after purchasing an additional 2,861 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Ingersoll Rand during the 1st quarter worth about $604,000. Smartleaf Asset Management LLC grew its position in shares of Ingersoll Rand by 11.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,207 shares of the industrial products company’s stock worth $175,000 after buying an additional 220 shares during the period. APG Asset Management N.V. increased its stake in shares of Ingersoll Rand by 242.3% in the 1st quarter. APG Asset Management N.V. now owns 754,752 shares of the industrial products company’s stock valued at $55,918,000 after acquiring an additional 534,252 shares during the last quarter. Finally, Bank of Hawaii acquired a new stake in shares of Ingersoll Rand in the 1st quarter valued at approximately $207,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.5%

Shares of NYSE IR opened at $79.24 on Friday. The stock has a market capitalization of $31.31 billion, a P/E ratio of 58.70, a PEG ratio of 5.12 and a beta of 1.33. The stock’s fifty day moving average is $78.30 and its 200 day moving average is $80.74. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $95.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.16.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (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 in the previous year, the company earned $0.84 earnings per share. 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. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the company’s 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 completion of the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. This represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 15th. Robert W. Baird lowered their price objective on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Citigroup lifted their target price on Ingersoll Rand from $91.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Stifel Nicolaus increased their price target on Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Four equities research 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.com, Ingersoll Rand has an average rating of “Hold” and an average target price of $91.44.

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.