Ingersoll Rand Inc. $IR Stake Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,553,355 shares of the industrial products company’s stock after selling 61,604 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ingersoll Rand were worth $123,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heartwood Wealth Advisors LLC acquired a new stake in Ingersoll Rand during the third quarter valued at $36,000. Grey Fox Wealth Advisors LLC acquired a new position in Ingersoll Rand in the 3rd quarter worth about $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 purchasing an additional 232 shares in the last quarter. 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 purchasing an additional 173 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after buying an additional 301 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 4.2%

IR opened at $80.15 on Wednesday. The firm has a market cap of $31.39 billion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 4.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The business has a 50 day moving average price of $89.41 and a 200 day moving average price of $83.37. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96.

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

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 4th were paid a $0.02 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Wall Street Analyst Weigh In

IR has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.86.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares of the company’s stock, valued at $350,894.88. The trade was a 77.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the sale, the insider owned 193,186 shares of the company’s stock, valued at $17,023,550.32. This trade represents a 49.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 584,771 shares of company stock worth $54,976,547. Corporate insiders own 0.68% of the company’s stock.

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.