Pacer Advisors Inc. trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 32.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 21,085 shares of the industrial products company’s stock after selling 9,903 shares during the period. Pacer Advisors Inc.’s holdings in Ingersoll Rand were worth $1,689,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its holdings in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after buying an additional 138 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of Ingersoll Rand by 1.7% in the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 140 shares in the last quarter. Andina Capital Management LLC grew its holdings in shares of Ingersoll Rand by 2.6% during the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 145 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Ingersoll Rand by 6.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 160 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Ingersoll Rand
In related news, Director Aurobind Satpathy purchased 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the purchase, the director directly owned 11,538 shares in the company, valued at $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.49% of the stock is currently owned by company insiders.
Ingersoll Rand Stock Performance
Ingersoll Rand (NYSE:IR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Ingersoll Rand’s revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts anticipate that Ingersoll Rand Inc. will post 3.38 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 3.29%.
Analyst Ratings Changes
A number of brokerages have weighed in on IR. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Morgan Stanley reduced their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Finally, Barclays decreased their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.14.
Get Our Latest Analysis on Ingersoll Rand
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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