Capital World Investors Sells 2,373,436 Shares of Ingersoll Rand Inc. $IR

Capital World Investors decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,414,221 shares of the industrial products company’s stock after selling 2,373,436 shares during the quarter. Capital World Investors owned 0.07% of Ingersoll Rand worth $2,330,202,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Deseret Mutual Benefit Administrators increased its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Compound Planning Inc. increased its position in shares of 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 purchasing an additional 157 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Ingersoll Rand by 2.1% during the third quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 159 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 163 shares in the last quarter. Finally, Ascent Group LLC increased its position in shares of Ingersoll Rand by 1.2% during the fourth quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock worth $1,062,000 after purchasing an additional 164 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IR shares. Barclays reduced their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Morgan Stanley decreased their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $92.75.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $72.26 on Friday. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The business has a fifty day moving average of $77.55 and a 200 day moving average of $82.74. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. 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 3.37 earnings per share for the current 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 paid a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.41%.

Insider Transactions at Ingersoll Rand

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

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.