Capital International Ltd. CA cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,625 shares of the industrial products company’s stock after selling 26,626 shares during the quarter. Capital International Ltd. CA’s holdings in Ingersoll Rand were worth $14,864,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. Capital International Investors boosted its position in Ingersoll Rand by 18.5% during the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after acquiring an additional 7,816,194 shares during the last quarter. Norges Bank acquired a new position in Ingersoll Rand during the fourth quarter worth about $407,915,000. Capital World Investors boosted its position in Ingersoll Rand by 19.2% during 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 last quarter. Capital Research Global Investors boosted its position in Ingersoll Rand by 14.3% during the third 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 last quarter. Finally, Swedbank AB boosted its position in Ingersoll Rand by 72.4% during the fourth quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock worth $307,243,000 after acquiring an additional 1,628,996 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on IR. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research report on Thursday, April 30th. Barclays decreased their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Citigroup decreased their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and a consensus price target of $92.75.
Insider Activity
In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.
Ingersoll Rand Stock Performance
NYSE:IR opened at $72.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 4.57 and a beta of 1.19. The company’s 50-day moving average is $77.55 and its two-hundred day moving average is $82.74. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96.
Ingersoll Rand (NYSE:IR – Get Free Report) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current year.
Ingersoll Rand Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid 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 Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.
About Ingersoll Rand
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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