UBS Group AG Sells 219,138 Shares of Ingersoll Rand Inc. $IR

UBS Group AG decreased its position in Ingersoll Rand Inc. (NYSE:IRFree Report) by 6.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,405,882 shares of the industrial products company’s stock after selling 219,138 shares during the quarter. UBS Group AG’s holdings in Ingersoll Rand were worth $269,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted 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 valued at $35,000 after purchasing an additional 267 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in Ingersoll Rand in the third quarter valued at approximately $36,000. Westside Investment Management Inc. lifted its holdings in Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after buying an additional 232 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 301 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand News Roundup

Here are the key news stories impacting Ingersoll Rand this week:

Ingersoll Rand Stock Down 3.2%

Ingersoll Rand stock opened at $81.30 on Wednesday. The company has a 50 day moving average of $85.68 and a 200-day moving average of $83.70. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a twelve month low of $72.45 and a twelve month high of $100.96. The stock has a market capitalization of $31.84 billion, a PE ratio of 56.07, a price-to-earnings-growth ratio of 5.27 and a beta of 1.33.

Ingersoll Rand (NYSE:IRGet Free Report) last posted 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 for the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous 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 3.4 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Insiders Place Their Bets

In other Ingersoll Rand news, Director John Humphrey sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the sale, the director owned 23,983 shares in the company, valued at approximately $2,299,969.70. The trade was a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider directly owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 424,263 shares of company stock worth $40,828,923 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of analyst reports. Barclays cut their price target on Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Stifel Nicolaus reduced their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Citigroup reduced their price objective on shares of Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Four investment 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, Ingersoll Rand presently has an average rating of “Hold” and a consensus price target of $98.00.

Get Our Latest Report on IR

About Ingersoll Rand

(Free Report)

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.

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Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRFree Report).

Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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