Richard Bernstein Advisors LLC Sells 17,561 Shares of Ingersoll Rand Inc. $IR

Richard Bernstein Advisors LLC lessened its position in Ingersoll Rand Inc. (NYSE:IR) by 58.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,487 shares of the industrial products company’s stock after selling 17,561 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Ingersoll Rand were worth $1,032,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Capital International Investors lifted its holdings in Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after buying an additional 7,816,194 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ingersoll Rand by 1.9% during the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after acquiring an additional 859,062 shares during the period. Capital World Investors raised its stake in shares of Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after acquiring an additional 5,110,668 shares in the last quarter. Capital Research Global Investors grew its stake in Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after purchasing an additional 2,406,183 shares in the last quarter. Finally, State Street Corp increased its holdings in Ingersoll Rand by 1.5% during the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock worth $1,373,694,000 after purchasing an additional 239,779 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, Director John Humphrey sold 4,300 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $95.90, for a total value of $412,370.00. Following the sale, the director directly owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kathleen M. Keene sold 12,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the transaction, the insider directly owned 3,528 shares in the company, valued at $350,894.88. This trade represents a 77.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 584,771 shares of company stock valued at $54,976,547 over the last quarter. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $86.49 on Wednesday. The company has a market cap of $33.87 billion, a P/E ratio of 59.65, a P/E/G ratio of 5.35 and a beta of 1.29. The company’s 50-day moving average price is $90.08 and its 200-day moving average price is $83.14. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. 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 (NYSE:IR) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Ingersoll Rand’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, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Barclays increased their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four 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 company has an average rating of “Hold” and an average price target of $101.86.

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.