Janus Henderson Group PLC Purchases 380,204 Shares of Ingersoll Rand Inc. $IR

Janus Henderson Group PLC grew its position in Ingersoll Rand Inc. (NYSE:IR) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,430,270 shares of the industrial products company’s stock after purchasing an additional 380,204 shares during the period. Janus Henderson Group PLC’s holdings in Ingersoll Rand were worth $509,406,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ingersoll Rand by 46.9% in 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 in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Ingersoll Rand by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after purchasing an additional 138 shares in the last quarter. Andina Capital Management LLC lifted its holdings in shares of Ingersoll Rand by 2.6% in the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 145 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Ingersoll Rand by 6.0% in the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 157 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Ingersoll Rand by 2.7% in the third quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 163 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Evercore set a $84.00 target price on Ingersoll Rand in a report on Monday, May 11th. Stifel Nicolaus dropped their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Citigroup dropped their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Barclays dropped their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.75.

Ingersoll Rand Stock Performance

IR opened at $77.08 on Thursday. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The firm has a market capitalization of $30.16 billion, a PE ratio of 52.08, a PEG ratio of 4.97 and a beta of 1.19. 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 business’s 50-day simple moving average is $76.84 and its 200 day simple moving average is $82.65.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal 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. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the business’s 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 transaction, the insider owned 209,534 shares of the company’s stock, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently 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.