Ingersoll Rand Inc. $IR Shares Sold by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System reduced its stake in Ingersoll Rand Inc. by 1.8%, now owning 318,731 shares worth approximately $26.5 million.
• Ingersoll Rand's stock is currently priced at $77.13, with a market capitalization of $30.65 billion and a P/E ratio of 60.26.
• Following its latest earnings report, Ingersoll Rand announced a quarterly dividend of $0.02, translating to an annual yield of 0.1%.

New York State Teachers Retirement System trimmed its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,731 shares of the industrial products company's stock after selling 5,688 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Ingersoll Rand worth $26,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Wealth Management LLC grew its stake in Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Ingersoll Rand by 190.9% during the 1st quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after purchasing an additional 313 shares in the last quarter. Larson Financial Group LLC grew its stake in Ingersoll Rand by 136.4% during the 1st quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Ingersoll Rand during the 1st quarter worth $40,000. Finally, Alpine Bank Wealth Management acquired a new position in Ingersoll Rand during the 1st quarter worth $41,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 1.7%

Ingersoll Rand stock opened at $77.13 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.29. The company has a market capitalization of $30.65 billion, a P/E ratio of 60.26, a PEG ratio of 4.53 and a beta of 1.43. The stock has a 50-day simple moving average of $79.84 and a 200-day simple moving average of $80.18.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Ingersoll Rand had a return on equity of 12.12% and a net margin of 7.10%.The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the business earned $0.83 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, August 14th. Ingersoll Rand's payout ratio is presently 6.25%.

Analysts Set New Price Targets

A number of analysts have issued reports on IR shares. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the stock a "hold" rating in a report on Monday, August 4th. Citigroup reaffirmed a "buy" rating and set a $104.00 price target (up from $91.00) on shares of Ingersoll Rand in a report on Monday, July 14th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ingersoll Rand in a report on Wednesday, October 8th. Barclays decreased their price target on Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, Robert W. Baird lifted their price target on Ingersoll Rand from $97.00 to $103.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

Ingersoll Rand Company 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.

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