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

Ninety One UK Ltd lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,648 shares of the industrial products company’s stock after selling 11,510 shares during the quarter. Ninety One UK Ltd’s holdings in Ingersoll Rand were worth $7,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. Vontobel Holding Ltd. raised its stake in Ingersoll Rand by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 130 shares during the last quarter. Whittier Trust Co. raised its stake in Ingersoll Rand by 8.5% in the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 131 shares during the last quarter. Golden State Equity Partners raised its stake in Ingersoll Rand by 5.1% in the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 155 shares during the last quarter. Compound Planning Inc. raised its stake in Ingersoll Rand by 6.0% in the 3rd quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 157 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in Ingersoll Rand by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 2.6%

NYSE IR opened at $85.85 on Friday. Ingersoll Rand Inc. has a 12 month low of $68.97 and a 12 month high of $100.96. The company has a 50-day moving average of $87.56 and a 200-day moving average of $83.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. The company has a market cap of $33.62 billion, a P/E ratio of 59.21, a P/E/G ratio of 5.23 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The company’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. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling at Ingersoll Rand

In other news, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the sale, the chief financial officer owned 98,517 shares in the company, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the sale, the insider owned 16,200 shares of the company’s stock, valued at $1,573,182. The trade was a 52.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 424,263 shares of company stock worth $40,828,923. Company insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IR shares. Stifel Nicolaus cut their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday. Wells Fargo & Company cut 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. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Citigroup cut their target price on shares of Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Barclays dropped their price objective on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.00.

Ingersoll Rand Company 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.