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In a recent transaction, Andrew Schiesl, Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary of Ingersoll Rand Inc. (NYSE:IR), sold 13,228 shares of the company’s common stock. The shares were sold at an average price of $87.05 per share, with the total transaction amounting to approximately $1.15 million. The transaction comes as the $35 billion market cap company trades near its 52-week low, with InvestingPro data showing a relatively high P/E ratio of 41.6.
Following this sale on February 18, Schiesl retains ownership of 30,846 shares in the company. The transaction was disclosed in a filing with the Securities and Exchange Commission, providing transparency to investors and stakeholders regarding insider activities within the company. According to InvestingPro analysis, Ingersoll Rand maintains strong financial health with a current ratio of 2.29, indicating solid liquidity. Discover more insights and 11 additional ProTips for IR, along with comprehensive valuation metrics, in the exclusive Pro Research Report available on InvestingPro.
In other recent news, Ingersoll-Rand reported fourth-quarter earnings that slightly missed analyst expectations, with adjusted earnings per share at $0.84 compared to the consensus of $0.85. The company’s revenue for the quarter was $1.9 billion, falling short of the anticipated $1.93 billion, but still marking a 4% increase from the previous year. Ingersoll-Rand’s guidance for 2025 projects adjusted earnings per share between $3.38 and $3.50, aligning closely with the consensus estimate of $3.46, and anticipates revenue growth of 3% to 5%. The Precision and Science Technologies segment saw a notable revenue increase of 24% to $388 million, while the Industrial Technologies and Services segment reported flat revenue at $1.51 billion. The company generated $526 million in cash flow from operations and $491 million in free cash flow during the quarter, with $200 million allocated for acquisitions. Stifel analysts recently adjusted their price target for Ingersoll-Rand to $94 from $100, maintaining a Hold rating on the stock. The adjustment reflects mixed regional performance and a revenue forecast for 2025 that is slightly below initial estimates. Despite the earnings miss, the company’s positive outlook for 2025 has garnered a favorable response from investors.
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