7,632 Ingersoll Rand Inc. $IR Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 40.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,352 shares of the industrial products company’s stock after selling 7,632 shares during the period. New England Research & Management Inc.’s holdings in Ingersoll Rand were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of Ingersoll Rand by 388.7% in the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after buying an additional 65,189 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Ingersoll Rand by 4.4% in the first quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company’s stock valued at $56,415,000 after acquiring an additional 29,914 shares during the period. Man Group plc purchased a new stake in Ingersoll Rand in the 2nd quarter worth approximately $1,675,000. Tidal Investments LLC boosted its position in Ingersoll Rand by 20.0% in the 2nd quarter. Tidal Investments LLC now owns 199,302 shares of the industrial products company’s stock worth $16,341,000 after purchasing an additional 33,175 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock worth $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Monday, August 3rd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Robert W. Baird raised their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Ingersoll Rand in a report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.14.

Insider Transactions at Ingersoll Rand

In other news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $86.68 per share, for a total transaction of $1,000,113.84. Following the purchase, the director owned 11,538 shares in the company, valued at approximately $1,000,113.84. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR traded down $0.11 during trading hours on Friday, reaching $77.76. 4,499,999 shares of the company were exchanged, compared to its average volume of 4,836,145. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm has a market cap of $30.17 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The stock’s 50-day moving average is $77.41 and its 200-day moving average is $78.44.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.41 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, August 13th. Ingersoll Rand’s payout ratio is presently 3.29%.

Ingersoll Rand Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company serves businesses across manufacturing, energy, life sciences, food and beverage, transportation, and other industrial markets.

Its products and services include air compressors, vacuum and blower systems, fluid management equipment, industrial pumps, and related aftermarket parts and services. Ingersoll Rand also offers technologies used for material handling, power tools, and other specialized industrial applications through a portfolio of established brands, including Ingersoll Rand, Gardner Denver, CompAir, and Club Car.

The modern Ingersoll Rand was formed in 2020 through the combination of Gardner Denver and the industrial segment of the former Ingersoll-Rand plc.