Vanguard Group Inc. Sells 1,764,340 Shares of Ingersoll Rand Inc. $IR

Vanguard Group Inc. lowered its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,364,193 shares of the industrial products company’s stock after selling 1,764,340 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Ingersoll Rand worth $3,747,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NewSquare Capital LLC raised its stake in Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter worth $36,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at $36,000. Westside Investment Management Inc. lifted its holdings in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 232 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in Ingersoll Rand in the second quarter worth $45,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $98.79 on Wednesday. The stock has a fifty day moving average of $86.59 and a 200 day moving average of $81.65. The firm has a market capitalization of $39.03 billion, a price-to-earnings ratio of 68.13, a PEG ratio of 6.12 and a beta of 1.32. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Ingersoll Rand’s 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. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Stifel Nicolaus upped their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday. Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Barclays boosted their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.50.

Insider Buying and Selling

In other news, insider Vicente Reynal sold 440 shares of Ingersoll Rand stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $100.00, for a total value of $44,000.00. Following the completion of the transaction, the insider owned 229,668 shares of the company’s stock, valued at $22,966,800. The trade was a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Scheske sold 1,477 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at $979,896.39. This trade represents a 10.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 292,917 shares of company stock worth $26,747,912. Insiders own 0.68% of the company’s stock.

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.