ABN Amro Investment Solutions Sells 41,096 Shares of Ingersoll Rand Inc. $IR

ABN Amro Investment Solutions lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 31.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 88,514 shares of the industrial products company’s stock after selling 41,096 shares during the period. ABN Amro Investment Solutions’ holdings in Ingersoll Rand were worth $7,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Ingersoll Rand by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 178,927 shares of the industrial products company’s stock valued at $14,336,000 after buying an additional 4,166 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Ingersoll Rand in the 1st quarter worth $147,000. Glenview Trust Co increased its stake in Ingersoll Rand by 5.5% in the 1st quarter. Glenview Trust Co now owns 337,553 shares of the industrial products company’s stock worth $27,045,000 after buying an additional 17,740 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ingersoll Rand by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,204,354 shares of the industrial products company’s stock valued at $256,652,000 after acquiring an additional 34,252 shares during the period. Finally, Waycross Partners LLC raised its holdings in Ingersoll Rand by 3.2% during the first quarter. Waycross Partners LLC now owns 365,284 shares of the industrial products company’s stock valued at $29,267,000 after acquiring an additional 11,294 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand News Roundup

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

• Positive Sentiment: Zacks Research raised its earnings forecasts for Ingersoll Rand (IR), including higher estimates for Q2 2027, Q4 2027, and full-year FY2027 EPS. Higher profit expectations can support the stock by signaling stronger future operating performance and valuation upside.
• Positive Sentiment: Another Zacks note highlighted Ingersoll Rand’s strong earnings surprise history and suggested the company has the ingredients to beat estimates again in its next report, which may bolster investor confidence ahead of results. Will Ingersoll (IR) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: MarketWatch notes that Ingersoll Rand has been underperforming some competitors on a relative basis in recent sessions, even though the shares have been moving higher overall. Ingersoll Rand Inc. stock underperforms Wednesday when compared to competitors despite daily gains
• Neutral Sentiment: A similar MarketWatch report said the stock underperformed peers on Monday, suggesting recent gains have not yet translated into clear outperformance versus the broader industrial group. Ingersoll Rand Inc. stock underperforms Monday when compared to competitors

Ingersoll Rand Trading Up 3.5%

IR stock opened at $83.72 on Thursday. The firm has a fifty day moving average price of $76.03 and a 200 day moving average price of $82.60. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm has a market cap of $32.76 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 5.12 and a beta of 1.17. 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 (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. 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 prior year, the firm earned $0.72 earnings per share. Ingersoll Rand’s revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Citigroup lowered their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company cut their price objective 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. Finally, Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.86.

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.