Ingersoll Rand Inc. $IR Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,206,327 shares of the industrial products company’s stock after selling 52,747 shares during the period. Legal & General Group Plc’s holdings in Ingersoll Rand were worth $174,785,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Glenview Trust Co boosted its holdings in shares of Ingersoll Rand by 1.7% in the 4th quarter. Glenview Trust Co now owns 319,813 shares of the industrial products company’s stock valued at $25,336,000 after buying an additional 5,498 shares during the period. Hantz Financial Services Inc. lifted its position in Ingersoll Rand by 42.1% in the 4th quarter. Hantz Financial Services Inc. now owns 830 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 246 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Ingersoll Rand in the 4th quarter valued at about $1,478,000. Catalyst Funds Management Pty Ltd lifted its position in Ingersoll Rand by 11.8% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 24,600 shares of the industrial products company’s stock valued at $1,949,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in Ingersoll Rand by 45.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,496 shares of the industrial products company’s stock valued at $1,386,000 after purchasing an additional 5,496 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 209,534 shares in the company, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IR. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.38.

Ingersoll Rand Stock Down 2.1%

IR stock opened at $70.93 on Thursday. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 47.93, a price-to-earnings-growth ratio of 4.58 and a beta of 1.25. The firm’s 50-day moving average is $79.12 and its two-hundred day moving average is $83.05. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 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 company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm earned $0.72 EPS. Ingersoll Rand’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. On average, analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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