Capital Research Global Investors Acquires 222,125 Shares of Ingersoll Rand Inc. $IR

Capital Research Global Investors raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,476,801 shares of the industrial products company’s stock after purchasing an additional 222,125 shares during the quarter. Capital Research Global Investors’ holdings in Ingersoll Rand were worth $1,543,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors raised its stake in Ingersoll Rand by 4.7% in the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after buying an additional 2,351,781 shares during the period. Capital World Investors raised its stake in Ingersoll Rand by 19.2% in 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 buying an additional 5,110,668 shares during the period. Franklin Resources Inc. raised its stake in Ingersoll Rand by 8.3% in the third quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after buying an additional 1,106,989 shares during the period. Fisher Asset Management LLC raised its stake in Ingersoll Rand by 0.4% in the third quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock valued at $573,607,000 after buying an additional 28,787 shares during the period. Finally, Norges Bank bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $407,915,000. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IR shares. Morgan Stanley decreased their target price on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Evercore set a $84.00 target price on Ingersoll Rand in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Finally, Stifel Nicolaus decreased their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.75.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the 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 sale, the insider owned 209,534 shares of the company’s stock, valued at $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Trading Up 0.4%

Shares of NYSE:IR opened at $72.26 on Friday. The company has a market capitalization of $28.28 billion, a P/E ratio of 48.83, a P/E/G ratio of 4.57 and a beta of 1.19. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The business’s 50 day simple moving average is $77.55 and its 200 day simple moving average is $82.74.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business 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 firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, research analysts anticipate that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio 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.