Fox Run Management L.L.C. boosted its stake in Ingersoll Rand Inc. (NYSE:IR – Free Report) by 932.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,870 shares of the industrial products company’s stock after buying an additional 26,074 shares during the period. Ingersoll Rand comprises approximately 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 19th biggest position. Fox Run Management L.L.C.’s holdings in Ingersoll Rand were worth $2,287,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators grew its stake in Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Ingersoll Rand in the 4th quarter valued at about $29,000. Torren Management LLC acquired a new position in Ingersoll Rand in the 4th quarter valued at about $32,000. Salomon & Ludwin LLC grew its stake in Ingersoll Rand by 166.9% in the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its stake in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
Insider Activity
In other news, insider Vicente Reynal sold 30,492 shares of the company’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 transaction of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.
Ingersoll Rand Stock Performance
Ingersoll Rand (NYSE:IR – Get Free Report) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is presently 5.41%.
Analyst Ratings Changes
A number of brokerages recently commented on IR. Morgan Stanley decreased their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. 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 research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.75.
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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