Fisher Asset Management LLC Sells 15,449 Shares of Ingersoll Rand Inc. $IR

Fisher Asset Management LLC lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 6,927,262 shares of the industrial products company’s stock after selling 15,449 shares during the period. Fisher Asset Management LLC’s holdings in Ingersoll Rand were worth $548,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IR. Capital International Investors raised its position in shares of 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. Capital World Investors raised its position in shares of 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 raised its position in shares of 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. Swedbank AB raised its position in shares of 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. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Ingersoll Rand by 24,176.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,623,131 shares of the industrial products company’s stock worth $128,584,000 after purchasing an additional 1,616,445 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 118,044 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $94.11, for a total value of $11,109,120.84. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $19,719,244.74. The trade was a 36.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Down 0.0%

NYSE:IR opened at $70.89 on Monday. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a market cap of $27.74 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 4.48 and a beta of 1.25. The stock has a 50-day moving average price of $79.78 and a two-hundred day moving average price of $83.18.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.83 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s 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. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be 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 is Thursday, May 14th. Ingersoll Rand’s payout ratio is presently 5.41%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IR. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a report on Thursday, April 30th. Barclays dropped their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Four research 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, the company currently has a consensus rating of “Hold” and an average target price of $93.38.

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.