Corient Private Wealth LLC Has $16.49 Million Stake in Ingersoll Rand Inc. $IR

Corient Private Wealth LLC reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 206,122 shares of the industrial products company’s stock after selling 11,934 shares during the quarter. Corient Private Wealth LLC’s holdings in Ingersoll Rand were worth $16,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IR. Capital International Investors boosted its position in shares of Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after acquiring an additional 7,816,194 shares in the last quarter. Norges Bank bought a new position in Ingersoll Rand in the fourth quarter valued at approximately $407,915,000. Capital World Investors raised its position in 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. raised its position in Ingersoll Rand by 18.6% during the fourth 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 purchasing an additional 3,423,501 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Ingersoll Rand by 14.3% during the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after purchasing an additional 2,406,183 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.3%

Shares of IR opened at $76.87 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 51.94, a PEG ratio of 4.93 and a beta of 1.19. The stock has a fifty day moving average of $76.32 and a 200-day moving average of $82.60.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.02 dividend. 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 is currently 5.41%.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction that occurred 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 owned 209,534 shares in the company, valued at $18,438,992. This trade represents a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IR. Citigroup reduced their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings restated 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 Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research report on Thursday, April 30th. Finally, Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ingersoll Rand presently has an average rating of “Hold” and an average target price of $92.75.

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.