Cibc World Market Inc. Has $3.88 Million Stock Holdings in Ingersoll Rand Inc. $IR

Cibc World Market Inc. decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 37.1% in the 4th quarter, Holdings Channel reports. The fund owned 48,960 shares of the industrial products company’s stock after selling 28,858 shares during the quarter. Cibc World Market Inc.’s holdings in Ingersoll Rand were worth $3,879,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $32,000. Salomon & Ludwin LLC increased its position in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 267 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Ingersoll Rand by 106.4% during the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 301 shares in the last quarter. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $48,000. Institutional investors own 95.27% of the company’s stock.

Insider Activity

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $72.60 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $77.37 and a two-hundred day simple moving average of $82.79. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 4.57 and a beta of 1.20.

Ingersoll Rand (NYSE:IRGet Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

Analyst Upgrades and Downgrades

IR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Citigroup decreased their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.75.

Read Our Latest Research Report on Ingersoll Rand

About Ingersoll Rand

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRFree Report).

Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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