Ingersoll Rand Inc. $IR Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,095 shares of the industrial products company’s stock after selling 13,786 shares during the period. Corient Private Wealth LLC’s holdings in Ingersoll Rand were worth $19,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in shares of Ingersoll Rand by 84.6% in the 1st quarter. Brooklyn Investment Group now owns 3,086 shares of the industrial products company’s stock valued at $247,000 after buying an additional 1,414 shares in the last quarter. Northern Trust Corp boosted its position in shares of Ingersoll Rand by 0.3% in the 1st quarter. Northern Trust Corp now owns 4,053,235 shares of the industrial products company’s stock valued at $324,380,000 after purchasing an additional 10,381 shares during the period. Korea Investment CORP grew its stake in Ingersoll Rand by 4.4% during the 1st quarter. Korea Investment CORP now owns 277,505 shares of the industrial products company’s stock worth $22,209,000 after buying an additional 11,784 shares during the last quarter. Wellington Management Group LLP increased its position in Ingersoll Rand by 7.8% during the first quarter. Wellington Management Group LLP now owns 4,261,123 shares of the industrial products company’s stock worth $341,018,000 after buying an additional 307,557 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Ingersoll Rand by 1.0% in the first quarter. Hsbc Holdings PLC now owns 734,356 shares of the industrial products company’s stock valued at $58,613,000 after buying an additional 7,018 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $75.00 to $81.00 and gave the stock a “hold” rating in a research report on Tuesday. 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 upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday. Finally, Citigroup boosted their price target on Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.44.

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $979,896.39. This represents a 10.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $78.11 on Thursday. 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’s 50 day moving average is $78.23 and its two-hundred day moving average is $80.78. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $97.67. The firm has a market capitalization of $30.86 billion, a PE ratio of 57.86, a P/E/G ratio of 5.14 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last issued its earnings results 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 business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.84 earnings per share. The business’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 anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Ingersoll Rand Profile

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.