Ingersoll Rand Inc. $IR Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its holdings in Ingersoll Rand Inc. (NYSE:IR) by 12.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,014,215 shares of the industrial products company’s stock after selling 275,563 shares during the period. Pictet Asset Management Holding SA’s holdings in Ingersoll Rand were worth $161,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IR. AQR Capital Management LLC raised its position in shares of Ingersoll Rand by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 4,167 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC boosted its position in Ingersoll Rand by 6.2% during the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after purchasing an additional 454 shares during the period. Woodline Partners LP bought a new position in Ingersoll Rand during the 1st quarter worth $643,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Ingersoll Rand by 663.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after buying an additional 64,838 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $81.52 on Monday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm’s 50-day simple moving average is $75.96 and its 200 day simple moving average is $82.62. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.90 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.15 and a beta of 1.20.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s revenue 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. Equities analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus cut their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Barclays dropped their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup reduced 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. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.75.

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.