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

Yousif Capital Management LLC decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 15.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,320 shares of the industrial products company’s stock after selling 7,819 shares during the period. Yousif Capital Management LLC’s holdings in Ingersoll Rand were worth $3,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewSquare Capital LLC lifted its holdings in 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 buying an additional 205 shares during the period. Heartwood Wealth Advisors LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter worth approximately $36,000. Gladwyn Financial Advisors Inc. purchased a new position in shares of Ingersoll Rand in the 2nd quarter valued at approximately $42,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Ingersoll Rand during the first quarter valued at approximately $43,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Ingersoll Rand in the second quarter worth $45,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Robert W. Baird decreased their price target on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday. Finally, Citigroup lifted their target price on shares of Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $91.44.

Ingersoll Rand Price Performance

Shares of IR opened at $81.25 on Friday. The company has a market capitalization of $32.10 billion, a P/E ratio of 60.18, a price-to-earnings-growth ratio of 5.27 and a beta of 1.33. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $95.85. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $78.77 and a 200 day moving average of $80.72.

Ingersoll Rand (NYSE:IR) last issued 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 net margin of 7.31% and a return on equity of 12.14%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The business’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 anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were 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 directly owned 12,153 shares of the company’s stock, valued at $979,896.39. The trade was 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 owned by corporate insiders.

Ingersoll Rand Company 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.