Ingersoll Rand Inc. $IR Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,560 shares of the industrial products company’s stock after selling 14,301 shares during the period. Capital Group Private Client Services Inc.’s holdings in Ingersoll Rand were worth $15,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in Ingersoll Rand during the 4th quarter worth approximately $140,000. MCF Advisors LLC raised its position in Ingersoll Rand by 1,373.2% during the 4th quarter. MCF Advisors LLC now owns 6,497 shares of the industrial products company’s stock worth $515,000 after buying an additional 6,056 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Ingersoll Rand by 2.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,980 shares of the industrial products company’s stock worth $2,296,000 after buying an additional 569 shares during the last quarter. Patron Partners LLC raised its position in Ingersoll Rand by 4.7% during the 4th quarter. Patron Partners LLC now owns 4,405 shares of the industrial products company’s stock worth $349,000 after buying an additional 198 shares during the last quarter. Finally, Pinebridge Investments LLC purchased a new position in Ingersoll Rand during the 4th quarter worth approximately $5,016,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IR. Citigroup reduced their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Morgan Stanley reduced their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.75.

Ingersoll Rand Stock Performance

IR opened at $72.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The firm has a fifty day moving average price of $77.55 and a 200 day moving average price of $82.74. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The stock has a market cap of $28.28 billion, a P/E ratio of 48.83, a P/E/G ratio of 4.57 and a beta of 1.19.

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 the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. 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 business posted $0.72 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 5.41%.

Insider Activity

In related news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.