VCI Wealth Management LLC Has $1.84 Million Holdings in Ingersoll Rand Inc. $IR

VCI Wealth Management LLC increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 102.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,221 shares of the industrial products company’s stock after purchasing an additional 11,753 shares during the quarter. VCI Wealth Management LLC’s holdings in Ingersoll Rand were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IR. Capital International Investors lifted its holdings in 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 buying an additional 7,816,194 shares during the period. Capital World Investors lifted its stake in shares of Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after acquiring an additional 5,110,668 shares during the period. Capital Research Global Investors boosted its holdings in Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after acquiring an additional 2,406,183 shares during the last quarter. Franklin Resources Inc. raised its holdings in Ingersoll Rand by 8.3% during 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 purchasing an additional 1,106,989 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of 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 purchasing an additional 28,787 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 2.6%

NYSE:IR traded up $2.18 during trading hours on Friday, reaching $85.85. The company had a trading volume of 6,630,833 shares, compared to its average volume of 2,938,578. Ingersoll Rand Inc. has a twelve month low of $68.97 and a twelve month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 5.23 and a beta of 1.33. The business’s 50-day simple moving average is $87.56 and its two-hundred day simple moving average is $83.55.

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

Ingersoll Rand Dividend Announcement

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

Insider Activity

In related news, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the sale, the insider owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the transaction, the insider owned 3,528 shares in the company, valued at approximately $350,894.88. The trade was a 77.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 424,263 shares of company stock valued at $40,828,923. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IR. Wells Fargo & Company lowered their target price on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. 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. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Finally, Barclays cut their target price on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.00.

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.