Lansforsakringar Fondforvaltning AB publ Reduces Holdings in Ingersoll Rand Inc. $IR

Lansforsakringar Fondforvaltning AB publ lowered its position in Ingersoll Rand Inc. (NYSE:IR) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,363 shares of the industrial products company’s stock after selling 9,519 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Ingersoll Rand were worth $9,804,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IR. Janney Montgomery Scott LLC boosted its stake in shares of Ingersoll Rand by 9.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 53,864 shares of the industrial products company’s stock worth $4,316,000 after purchasing an additional 4,597 shares during the period. Econ Financial Services Corp bought a new stake in Ingersoll Rand in the first quarter worth about $3,807,000. Welch Group LLC purchased a new position in shares of Ingersoll Rand during the first quarter valued at approximately $202,000. OLD National Bancorp IN grew its stake in shares of Ingersoll Rand by 18.5% during the first quarter. OLD National Bancorp IN now owns 4,028 shares of the industrial products company’s stock valued at $323,000 after buying an additional 628 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Ingersoll Rand during the first quarter valued at approximately $1,450,000. Institutional investors own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the company’s stock in a transaction 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 sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. This represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $80.92 on Thursday. 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 has a 50 day moving average price of $75.73 and a 200-day moving average price of $82.62. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The stock has a market capitalization of $31.67 billion, a PE ratio of 54.68, a PEG ratio of 5.19 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates 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 was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Wednesday, June 24th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research report on Monday, May 11th. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research note on Thursday, April 30th. Finally, Morgan Stanley decreased their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.75.

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.