Moran Wealth Management LLC Lowers Holdings in Ingersoll Rand Inc. $IR

Moran Wealth Management LLC decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 9.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 171,528 shares of the industrial products company’s stock after selling 18,207 shares during the period. Moran Wealth Management LLC’s holdings in Ingersoll Rand were worth $13,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its holdings in Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand in the fourth quarter worth about $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand in the fourth quarter worth about $31,000. Torren Management LLC bought a new position in shares of Ingersoll Rand in the fourth quarter worth about $32,000. Finally, Salomon & Ludwin LLC lifted its position in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

IR stock opened at $80.61 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The company’s fifty day moving average price is $75.58 and its 200-day moving average price is $82.60. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company has a market capitalization of $31.54 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.10 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced 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. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 5.41%.

Wall Street Analyst Weigh In

IR has been the subject of several analyst reports. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Wells Fargo & Company lowered their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. 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 report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and a consensus target price of $92.75.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

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.