Ingersoll Rand Inc. $IR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,478,481 shares of the industrial products company’s stock after selling 5,757,338 shares during the period. JPMorgan Chase & Co. owned approximately 3.16% of Ingersoll Rand worth $1,030,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewSquare Capital LLC boosted its stake in shares of Ingersoll Rand by 150.7% during the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand during the third quarter valued at $36,000. Grey Fox Wealth Advisors LLC purchased a new position in Ingersoll Rand in the 3rd quarter worth about $36,000. Westside Investment Management Inc. raised its holdings in Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Ingersoll Rand during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, insider Vicente Reynal sold 440 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $100.00, for a total transaction of $44,000.00. Following the transaction, the insider owned 229,668 shares of the company’s stock, valued at approximately $22,966,800. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. The trade was a 10.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 292,917 shares of company stock valued at $26,747,912 in the last ninety days. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $98.79 on Wednesday. The firm has a market cap of $39.03 billion, a PE ratio of 68.13, a PEG ratio of 6.12 and a beta of 1.32. The firm’s 50 day moving average price is $86.59 and its 200 day moving average price is $81.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Analysts Set New Price Targets

IR has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a research report on Tuesday. Wells Fargo & Company increased their target price on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Finally, Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $100.50.

Ingersoll Rand Company 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.