Ingersoll Rand Inc. $IR Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 9.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 91,663 shares of the industrial products company’s stock after selling 9,657 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Ingersoll Rand were worth $7,344,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators increased its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Ingersoll Rand by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock worth $1,686,000 after acquiring an additional 138 shares during the last quarter. Groupama Asset Managment boosted its position in shares of Ingersoll Rand by 1.7% during the fourth quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after buying an additional 140 shares during the period. Andina Capital Management LLC boosted its holdings in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Ingersoll Rand by 6.4% in the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 160 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $79.14 on Thursday. The stock has a market capitalization of $30.97 billion, a P/E ratio of 53.47, a P/E/G ratio of 5.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The firm’s 50-day moving average is $75.23 and its two-hundred day moving average is $82.52.

Ingersoll Rand (NYSE:IR) last released its earnings results 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. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on IR. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Morgan Stanley cut their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research note on Thursday, April 30th. Stifel Nicolaus reduced their target price 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. Finally, Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $92.71.

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.