SG Americas Securities LLC lessened its stake in Ingersoll Rand Inc. (NYSE:IR – Free Report) by 53.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,332 shares of the industrial products company’s stock after selling 133,910 shares during the period. SG Americas Securities LLC’s holdings in Ingersoll Rand were worth $9,401,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after acquiring an additional 4,167 shares during the last quarter. NewEdge Advisors LLC increased its position in Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 282 shares during the period. Empowered Funds LLC raised its holdings in Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 454 shares during the last quarter. Woodline Partners LP bought a new position in Ingersoll Rand during the 1st quarter worth approximately $643,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Ingersoll Rand by 663.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after purchasing an additional 64,838 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.
Insider Buying and Selling at Ingersoll Rand
In other news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction dated 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 transaction, the insider owned 209,534 shares of the company’s stock, valued at $18,438,992. This represents a 12.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on IR
Ingersoll Rand Stock Performance
Shares of IR stock opened at $81.52 on Friday. The firm has a 50 day moving average of $75.96 and a 200-day moving average of $82.59. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 5.15 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.
Ingersoll Rand Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.41%.
Ingersoll Rand 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.
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