Hsbc Holdings PLC Sells 28,240 Shares of Ingersoll Rand Inc. $IR

Hsbc Holdings PLC lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 4.0% during the 4th quarter, HoldingsChannel reports. The firm owned 675,540 shares of the industrial products company’s stock after selling 28,240 shares during the period. Hsbc Holdings PLC’s holdings in Ingersoll Rand were worth $53,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new position in shares of Ingersoll Rand in the third quarter worth about $1,533,000. Nordea Investment Management AB raised its stake in Ingersoll Rand by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after purchasing an additional 200,689 shares during the period. Capital International Sarl raised its stake in Ingersoll Rand by 38.2% during the 3rd quarter. Capital International Sarl now owns 485,356 shares of the industrial products company’s stock valued at $40,100,000 after purchasing an additional 134,035 shares during the period. Capital International Ltd. CA lifted its holdings in Ingersoll Rand by 43.8% in the 3rd quarter. Capital International Ltd. CA now owns 214,251 shares of the industrial products company’s stock worth $17,701,000 after purchasing an additional 65,236 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in Ingersoll Rand by 29.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock worth $7,389,000 after purchasing an additional 20,381 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Wednesday, June 24th. Morgan Stanley dropped their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Citigroup cut their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.75.

Insider Transactions at Ingersoll Rand

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

Ingersoll Rand Trading Up 0.0%

IR opened at $80.61 on Monday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $75.58 and a 200 day moving average of $82.61. The firm has a market cap of $31.54 billion, a P/E ratio of 54.46, a P/E/G ratio of 5.10 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, research analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

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.