Pacer Advisors Inc. Sells 7,582 Shares of Ingersoll Rand Inc. $IR

Pacer Advisors Inc. lowered its holdings in Ingersoll Rand Inc. (NYSE:IR) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,988 shares of the industrial products company’s stock after selling 7,582 shares during the quarter. Pacer Advisors Inc.’s holdings in Ingersoll Rand were worth $2,455,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators raised its holdings in shares of Ingersoll Rand by 46.9% in 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 in the last quarter. Sumitomo Life Insurance Co. boosted its stake in Ingersoll Rand by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after buying an additional 138 shares in the last quarter. Andina Capital Management LLC grew its position in Ingersoll Rand by 2.6% in the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 145 shares during the period. Compound Planning Inc. raised its stake in Ingersoll Rand by 6.0% during the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 157 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Ingersoll Rand by 2.7% during the third quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 1.3%

IR opened at $76.87 on Wednesday. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The stock has a market capitalization of $30.08 billion, a PE ratio of 51.94, a PEG ratio of 4.93 and a beta of 1.19. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $76.32 and a two-hundred day moving average price of $82.60.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities 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. Shareholders of record on Thursday, May 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Barclays decreased their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Evercore set a $84.00 target price on shares of Ingersoll Rand in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and an average price target of $92.75.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

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.