State of New Jersey Common Pension Fund D Cuts Stake in Ingersoll Rand Inc. $IR

State of New Jersey Common Pension Fund D lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,131 shares of the industrial products company’s stock after selling 6,498 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ingersoll Rand were worth $10,388,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Torren Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $32,000. Salomon & Ludwin LLC raised its stake in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after buying an additional 267 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. raised its stake in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Humphrey sold 4,300 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $95.90, for a total value of $412,370.00. Following the sale, the director directly owned 23,983 shares in the company, valued at $2,299,969.70. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the completion of the sale, the insider owned 16,200 shares in the company, valued at $1,573,182. This represents a 52.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 424,263 shares of company stock valued at $40,828,923. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IR. Stifel Nicolaus cut their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday. Barclays cut their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup cut their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.71.

Ingersoll Rand Stock Performance

NYSE IR opened at $77.89 on Friday. Ingersoll Rand Inc. has a 1-year low of $72.45 and a 1-year high of $100.96. The company has a market capitalization of $30.48 billion, a P/E ratio of 52.63, a PEG ratio of 4.89 and a beta of 1.25. The business has a 50 day moving average price of $84.96 and a 200 day moving average price of $83.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.49.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.72 EPS. Ingersoll Rand’s quarterly revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.02 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 5.41%.

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.