Ingersoll Rand Inc. $IR Stock Position Boosted by Carderock Capital Management Inc.

Carderock Capital Management Inc. raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 10.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,874 shares of the industrial products company’s stock after buying an additional 6,192 shares during the period. Carderock Capital Management Inc.’s holdings in Ingersoll Rand were worth $5,195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IR. NewSquare Capital LLC boosted its holdings in shares of Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Ingersoll Rand in the third quarter worth approximately $36,000. Gladwyn Financial Advisors Inc. bought a new position in Ingersoll Rand during the 2nd quarter valued at $42,000. Legacy Wealth Managment LLC ID acquired a new position in shares of Ingersoll Rand during the 1st quarter valued at $43,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth $45,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of IR opened at $81.25 on Monday. The company has a 50-day moving average of $78.77 and a two-hundred day moving average of $80.67. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 5.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $95.85.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders 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 of this dividend was Thursday, November 13th. Ingersoll Rand’s dividend payout ratio is 5.93%.

Insider Activity at Ingersoll Rand

In related 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on IR shares. Stifel Nicolaus upped their price objective on Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 22nd. Finally, Citigroup raised their target price on shares of Ingersoll Rand from $91.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $91.44.

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.