Ingersoll Rand Inc. $IR Position Lifted by Tema Etfs LLC

Tema Etfs LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,525 shares of the industrial products company’s stock after acquiring an additional 10,116 shares during the period. Tema Etfs LLC’s holdings in Ingersoll Rand were worth $7,397,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. NewSquare Capital LLC grew its stake 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 purchasing an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in Ingersoll Rand during the 3rd quarter worth approximately $36,000. Gladwyn Financial Advisors Inc. acquired a new position in shares of Ingersoll Rand in the 2nd quarter worth approximately $42,000. Legacy Investment Solutions LLC acquired a new position in shares of Ingersoll Rand in the 2nd quarter worth approximately $45,000. Finally, Osterweis Capital Management Inc. increased its holdings in shares of Ingersoll Rand by 6,210.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 631 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.4%

Shares of Ingersoll Rand stock opened at $85.58 on Monday. 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 1-year low of $65.61 and a 1-year high of $95.85. The business’s fifty day moving average price is $79.30 and its two-hundred day moving average price is $80.67. The company has a market capitalization of $33.81 billion, a P/E ratio of 63.39, a PEG ratio of 5.17 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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 return on equity of 12.14% and a net margin of 7.31%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. As a group, research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Citigroup boosted their price objective on shares of Ingersoll Rand from $91.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Robert W. Baird decreased their target price on Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.11.

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,477 shares of the company’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 value of $119,090.51. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This represents a 10.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

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.