Sterling Capital Management LLC decreased its position in Ingersoll Rand Inc. (NYSE:IR – Free Report) by 41.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,145 shares of the industrial products company’s stock after selling 10,198 shares during the period. Sterling Capital Management LLC’s holdings in Ingersoll Rand were worth $1,133,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after buying an additional 4,167 shares during the period. NewEdge Advisors LLC lifted its stake in Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares in the last quarter. Empowered Funds LLC boosted its position 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 acquiring an additional 454 shares during the period. Woodline Partners LP purchased a new position in Ingersoll Rand during the 1st quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $6,206,000 after purchasing an additional 64,838 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Ingersoll Rand
In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand 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 sale, the insider directly owned 209,534 shares in the company, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Ingersoll Rand
Ingersoll Rand Trading Up 1.2%
Shares of IR stock opened at $81.99 on Wednesday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 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 business’s 50 day moving average is $75.83 and its two-hundred day moving average is $82.64. The company has a market cap of $32.09 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 5.13 and a beta of 1.19.
Ingersoll Rand (NYSE:IR – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.
Ingersoll Rand Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.41%.
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.
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