Aristotle Capital Management LLC Has $94.86 Million Holdings in Ingersoll Rand Inc. $IR

Aristotle Capital Management LLC reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,183,912 shares of the industrial products company’s stock after selling 61,578 shares during the period. Aristotle Capital Management LLC’s holdings in Ingersoll Rand were worth $94,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IR. Capital International Investors boosted its position in shares of Ingersoll Rand by 4.7% in the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after acquiring an additional 2,351,781 shares during the period. T. Rowe Price Investment Management Inc. increased 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 worth $1,726,308,000 after acquiring an additional 3,423,501 shares during the period. Capital Research Global Investors raised its stake in Ingersoll Rand by 1.2% in the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after purchasing an additional 222,125 shares in the last quarter. Franklin Resources Inc. raised its stake in Ingersoll Rand by 8.6% in the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after purchasing an additional 1,237,527 shares in the last quarter. Finally, State Street Corp boosted its holdings in Ingersoll Rand by 0.9% in the 4th quarter. State Street Corp now owns 15,458,763 shares of the industrial products company’s stock valued at $1,224,643,000 after purchasing an additional 137,325 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped 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 raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. 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 report on Wednesday, June 3rd. Finally, Wells Fargo & Company reduced their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.86.

Ingersoll Rand Price Performance

Shares of IR opened at $84.24 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $32.97 billion, a PE ratio of 56.92, a PEG ratio of 5.33 and a beta of 1.17. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The business has a 50-day simple moving average of $76.56 and a two-hundred day simple moving average of $82.64.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’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. Analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 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.