Franklin Resources Inc. Increases Holdings in Ingersoll Rand Inc. $IR

Franklin Resources Inc. increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 8.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,404,452 shares of the industrial products company’s stock after buying an additional 1,106,989 shares during the quarter. Franklin Resources Inc. owned 3.65% of Ingersoll Rand worth $1,190,096,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in 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 acquiring an additional 4,167 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Ingersoll Rand by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC increased its stake 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 worth $619,000 after purchasing an additional 454 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $643,000. Finally, Savant Capital LLC raised its holdings in shares of Ingersoll Rand by 12.6% in the 2nd 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 own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.2%

Ingersoll Rand stock opened at $86.49 on Wednesday. The firm has a 50 day simple moving average of $90.08 and a 200 day simple moving average of $83.14. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The firm has a market capitalization of $33.87 billion, a price-to-earnings ratio of 59.65, a P/E/G ratio of 5.35 and a beta of 1.29.

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

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IR. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Wells Fargo & Company boosted their target price on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Barclays upped their price target on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus lifted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.86.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of the transaction, the director owned 23,983 shares in the company, valued at $2,299,969.70. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider directly owned 16,200 shares of the company’s stock, valued at $1,573,182. The trade was a 52.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 584,771 shares of company stock worth $54,976,547 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.