Capital Group Private Client Services Inc. Has $16.84 Million Holdings in Ingersoll Rand Inc. $IR

Capital Group Private Client Services Inc. decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 73.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 203,861 shares of the industrial products company’s stock after selling 553,165 shares during the period. Capital Group Private Client Services Inc.’s holdings in Ingersoll Rand were worth $16,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after buying an additional 4,167 shares during the period. NewEdge Advisors LLC raised its holdings in Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 282 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 454 shares during the period. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth $643,000. Finally, Savant Capital LLC increased its position in shares of Ingersoll Rand by 12.6% in the second quarter. Savant Capital LLC now owns 9,512 shares of the industrial products company’s stock worth $791,000 after purchasing an additional 1,065 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $86.68 on Tuesday. The firm’s fifty day moving average price is $89.96 and its two-hundred day moving average price is $83.10. The stock has a market cap of $33.95 billion, a PE ratio of 59.78, a PEG ratio of 5.34 and a beta of 1.29. 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 fifty-two week low of $65.61 and a fifty-two week high of $100.96.

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

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s payout ratio is 5.52%.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. The trade was a 61.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 584,771 shares of company stock valued at $54,976,547 over the last three months. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several recent analyst reports. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Citigroup boosted their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $101.86.

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.