Ingersoll Rand Inc. $IR Shares Sold by AIA Group Ltd

AIA Group Ltd decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 32.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,794 shares of the industrial products company’s stock after selling 25,524 shares during the period. AIA Group Ltd’s holdings in Ingersoll Rand were worth $4,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its holdings in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after buying an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand during the 4th quarter valued at approximately $29,000. Reflection Asset Management bought a new position in Ingersoll Rand during the fourth quarter worth $31,000. Torren Management LLC bought a new stake in Ingersoll Rand during the fourth quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays dropped 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. Evercore set a $84.00 price objective on Ingersoll Rand in a research report on Monday, May 11th. Finally, Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.71.

Ingersoll Rand Stock Performance

IR opened at $82.29 on Monday. The business has a 50 day moving average price of $75.51 and a two-hundred day moving average price of $82.56. 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 company has a market capitalization of $32.20 billion, a price-to-earnings ratio of 55.60, a price-to-earnings-growth ratio of 5.20 and a beta of 1.17. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s quarterly 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. Research analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.02 per share. The ex-dividend date 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 5.41%.

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.