Ninety One UK Ltd Decreases Stake in Ingersoll Rand Inc. $IR

Ninety One UK Ltd lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 90,648 shares of the industrial products company’s stock after selling 11,510 shares during the period. Ninety One UK Ltd’s holdings in Ingersoll Rand were worth $7,181,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Capital International Investors grew its holdings in shares of Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after purchasing an additional 7,816,194 shares during the period. Capital World Investors grew its holdings in shares of Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. Capital Research Global Investors boosted its holdings in Ingersoll Rand by 14.3% in the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after acquiring an additional 2,406,183 shares during the period. Franklin Resources Inc. boosted its holdings in Ingersoll Rand by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock worth $1,190,096,000 after acquiring an additional 1,106,989 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Ingersoll Rand by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock worth $573,607,000 after acquiring an additional 28,787 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. This represents a 61.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the transaction, the insider directly owned 3,528 shares in the company, valued at approximately $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 424,263 shares of company stock worth $40,828,923 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IR shares. Barclays decreased their price target on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Citigroup decreased their price target on Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating for the company in a report on Monday, April 13th. Finally, Stifel Nicolaus decreased their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $98.00.

Ingersoll Rand Stock Up 2.6%

NYSE IR opened at $85.85 on Friday. The business has a 50 day moving average price of $87.56 and a two-hundred day moving average price of $83.55. Ingersoll Rand Inc. has a fifty-two week low of $68.97 and a fifty-two week high of $100.96. The stock has a market cap of $33.62 billion, a PE ratio of 59.21, a P/E/G ratio of 5.23 and a beta of 1.33. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.84 EPS. Ingersoll Rand’s quarterly revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is presently 5.52%.

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.