Prudential PLC Sells 13,728 Shares of Ingersoll Rand Inc. $IR

Prudential PLC trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 184,876 shares of the industrial products company’s stock after selling 13,728 shares during the quarter. Prudential PLC’s holdings in Ingersoll Rand were worth $14,646,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IR. Deseret Mutual Benefit Administrators increased its stake in Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Torren Management LLC acquired a new position in Ingersoll Rand during the 4th quarter worth approximately $32,000. Salomon & Ludwin LLC boosted its position in Ingersoll Rand by 166.9% during the 4th 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 last quarter. Westside Investment Management Inc. boosted its position in 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, ANTIPODES PARTNERS Ltd boosted its position in Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 209,534 shares of the company’s stock, valued at $18,438,992. This trade represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on IR shares. Barclays reduced their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus reduced their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley cut their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.75.

Ingersoll Rand Trading Up 0.4%

NYSE IR opened at $72.26 on Friday. The company has a market cap of $28.28 billion, a PE ratio of 48.83, a PEG ratio of 4.55 and a beta of 1.19. 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 12 month low of $68.07 and a 12 month high of $100.96. The stock has a 50 day moving average of $77.55 and a 200-day moving average of $82.74.

Ingersoll Rand (NYSE:IR) last released 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 company had revenue of $1.85 billion during 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 firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

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.