Securian Asset Management Inc. Sells 7,688 Shares of Ingersoll Rand Inc. $IR

Securian Asset Management Inc. cut its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,776 shares of the industrial products company’s stock after selling 7,688 shares during the period. Securian Asset Management Inc.’s holdings in Ingersoll Rand were worth $774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Torren Management LLC bought a new stake in Ingersoll Rand in the 4th quarter valued at $32,000. Salomon & Ludwin LLC increased its position 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 acquiring an additional 267 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in Ingersoll Rand in the 3rd quarter worth about $36,000. Westside Investment Management Inc. boosted its holdings in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IR shares. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays reduced their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup cut their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus price target of $93.38.

Insider Activity

In other news, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 3,528 shares in the company, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 323,823 shares of company stock valued at $31,031,021. Corporate insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $71.32 on Thursday. The firm’s 50 day simple moving average is $82.31 and its 200 day simple moving average is $83.59. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 4.62 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1 year low of $70.97 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) last announced 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 business 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 revenue was up 7.6% on a year-over-year basis. During the same period 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, research analysts expect that Ingersoll Rand Inc. will post 3.38 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 5.41%.

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.