Douglas Lane & Associates LLC Trims Position in Ingersoll Rand Inc. $IR

Douglas Lane & Associates LLC reduced its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822,445 shares of the industrial products company’s stock after selling 12,518 shares during the period. Douglas Lane & Associates LLC owned about 0.21% of Ingersoll Rand worth $61,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IR. BlackRock Inc. bought a new stake in Ingersoll Rand in the second quarter valued at about $2,484,319,000. T. Rowe Price Investment Management Inc. lifted its stake in Ingersoll Rand by 18.6% during the fourth 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 during the last quarter. Jupiter Topco LLC acquired a new position in Ingersoll Rand in the second quarter worth $547,628,000. Janus Henderson Group PLC increased its stake in Ingersoll Rand by 2.3% during the first quarter. Janus Henderson Group PLC now owns 6,576,720 shares of the industrial products company’s stock valued at $526,926,000 after purchasing an additional 146,450 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Ingersoll Rand during the second quarter valued at $328,309,000. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IR shares. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, August 3rd. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research report on Monday, August 10th. Weiss Ratings raised Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Robert W. Baird raised their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

Ingersoll Rand Stock Up 0.9%

Shares of NYSE:IR traded up $0.69 on Friday, reaching $78.69. The company had a trading volume of 806,225 shares, compared to its average volume of 4,028,316. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $78.52 and a 200 day moving average price of $78.56. The stock has a market capitalization of $30.53 billion, a P/E ratio of 32.33, a P/E/G ratio of 3.21 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.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business posted $0.80 EPS. Ingersoll Rand’s revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Activity at Ingersoll Rand

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

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.