MASTERINVEST Kapitalanlage GmbH Sells 10,902 Shares of Ingersoll Rand Inc. $IR

MASTERINVEST Kapitalanlage GmbH lessened its position in Ingersoll Rand Inc. (NYSE:IR) by 63.9% in the first quarter, HoldingsChannel reports. The firm owned 6,147 shares of the industrial products company’s stock after selling 10,902 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Ingersoll Rand were worth $492,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IR. Deseret Mutual Benefit Administrators boosted its holdings in shares of Ingersoll Rand by 46.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Ingersoll Rand during the 4th quarter valued at about $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand during the fourth quarter worth about $31,000. Torren Management LLC bought a new stake in Ingersoll Rand during the fourth quarter worth about $32,000. Finally, Salomon & Ludwin LLC grew its holdings in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IR shares. Morgan Stanley decreased 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 note on Wednesday, June 3rd. Barclays cut their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Citigroup lowered their price objective on 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 Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.71.

Ingersoll Rand Trading Up 0.2%

Shares of NYSE IR opened at $79.14 on Thursday. The firm’s 50 day moving average price is $75.23 and its 200-day moving average price is $82.52. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The company has a market cap of $30.97 billion, a PE ratio of 53.47, a P/E/G ratio of 5.00 and a beta of 1.17.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared 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. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is presently 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.