MASTERINVEST Kapitalanlage GmbH Sells 10,902 Shares of Ingersoll Rand Inc. $IR

MASTERINVEST Kapitalanlage GmbH reduced its stake in Ingersoll Rand Inc. (NYSE:IR) by 63.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,147 shares of the industrial products company’s stock after selling 10,902 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Ingersoll Rand were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $79.14 on Thursday. The firm has a market cap of $30.97 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 5.00 and a beta of 1.17. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $75.23 and its two-hundred day simple moving average is $82.52.

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

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend 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 is presently 5.41%.

Analyst Upgrades and Downgrades

IR has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded shares of Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company reduced their target price 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. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.71.

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.