Mitsubishi UFJ Asset Management Co. Ltd. Trims Position in Ingersoll Rand Inc. $IR

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 750,375 shares of the industrial products company’s stock after selling 31,089 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Ingersoll Rand worth $61,996,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after purchasing an additional 4,167 shares during the period. NewEdge Advisors LLC boosted its stake in 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 buying an additional 282 shares during the last quarter. Empowered Funds LLC grew its holdings in Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after buying an additional 454 shares during the period. Woodline Partners LP acquired a new position in shares of Ingersoll Rand during the 1st quarter valued at about $643,000. Finally, Brighton Jones LLC increased its stake in shares of Ingersoll Rand by 17.9% during the 2nd quarter. Brighton Jones LLC now owns 3,444 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IR. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Barclays increased their target price on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company boosted their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and an average target price of $101.86.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 900 shares of Ingersoll Rand stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $90,000.00. Following the sale, the insider owned 193,186 shares of the company’s stock, valued at $19,318,600. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares in the company, valued at $350,894.88. This represents a 77.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 468,204 shares of company stock valued at $43,986,517. 0.59% of the stock is currently owned by corporate insiders.

Ingersoll Rand Stock Down 0.6%

Shares of Ingersoll Rand stock opened at $93.97 on Friday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The stock has a market cap of $36.80 billion, a price-to-earnings ratio of 64.81, a price-to-earnings-growth ratio of 5.85 and a beta of 1.32. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $88.89 and a 200 day moving average price of $82.58.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

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.