Ingersoll Rand Inc. $IR Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR) by 41.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,145 shares of the industrial products company’s stock after selling 10,198 shares during the quarter. Sterling Capital Management LLC’s holdings in Ingersoll Rand were worth $1,133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors grew its stake in shares of Ingersoll Rand by 18.5% in 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 purchasing an additional 7,816,194 shares in the last quarter. Norges Bank bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at about $407,915,000. Capital World Investors raised its stake 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 valued at $2,626,296,000 after purchasing an additional 5,110,668 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Ingersoll Rand by 14.3% in the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after buying an additional 2,406,183 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.2%

NYSE IR opened at $81.99 on Wednesday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a market capitalization of $32.09 billion, a P/E ratio of 55.40, a PEG ratio of 5.13 and a beta of 1.19. The company’s 50 day simple moving average is $75.83 and its 200 day simple moving average is $82.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Analyst Ratings Changes

A number of research firms have commented on IR. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research report on Thursday, April 30th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Wednesday, June 24th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Barclays lowered their price target on Ingersoll Rand from $100.00 to $95.00 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. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Hold” and a consensus price target of $92.75.

Insider Activity

In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The stock was 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 of the company’s stock, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by insiders.

About Ingersoll Rand

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.