PNC Financial Services Group Inc. Sells 10,973 Shares of Ingersoll Rand Inc. $IR

PNC Financial Services Group Inc. lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 5.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 174,718 shares of the industrial products company’s stock after selling 10,973 shares during the period. PNC Financial Services Group Inc.’s holdings in Ingersoll Rand were worth $14,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. NewSquare Capital LLC increased its stake in shares of Ingersoll Rand by 150.7% during the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 205 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in Ingersoll Rand during the 3rd quarter worth $36,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Ingersoll Rand in the third quarter valued at about $36,000. Westside Investment Management Inc. increased its position in Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 232 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Ingersoll Rand in the 2nd quarter worth about $45,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IR shares. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Barclays upped their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.86.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $97.35 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a market cap of $38.46 billion, a PE ratio of 67.14, a P/E/G ratio of 6.13 and a beta of 1.32. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The business’s 50-day moving average price is $86.91 and its two-hundred day moving average price is $81.76.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 1,477 shares of Ingersoll Rand stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vicente Reynal sold 36,482 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.50, for a total transaction of $3,556,995.00. Following the sale, the insider directly owned 193,186 shares in the company, valued at $18,835,635. The trade was a 15.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 385,269 shares of company stock worth $35,913,696 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Ingersoll Rand News Roundup

Here are the key news stories impacting Ingersoll Rand this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on IR from $87 to $101 and kept a “hold” rating, signaling modest upside vs. the current share level and providing a small supportive analyst datapoint. Stifel Raises PT on Ingersoll Rand
• Neutral Sentiment: Ingersoll Rand presented at Barclays’ 43rd Annual Industrial Select Conference — a transcript is available; investor reaction will depend on any incremental management commentary on demand, margins or guidance (transcript does not by itself change fundamentals). Barclays Conference Transcript
• Neutral Sentiment: Analyst coverage remains mixed overall — one roundup piece highlights divergent views among industrials analysts on IR, and consensus analyst recommendation remains “Hold,” which implies limited near-term catalyst from upgrades/downgrades. Analysts’ Opinions Are Mixed Consensus “Hold” Report
• Negative Sentiment: Significant insider selling by EVP Vicente Reynal: two Form 4 filings show sales of 55,870 shares (Feb. 13 at ~$100.39) and 36,482 shares (Feb. 17 at ~$97.50), reducing his holdings materially and generating roughly $9.2M in proceeds. Large, recent insider sales can weigh on sentiment and may be a primary driver of downward pressure on the stock today. SEC Form 4 Insider Sales

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.