VCI Wealth Management LLC Lowers Holdings in Ingersoll Rand Inc. $IR

VCI Wealth Management LLC lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,439 shares of the industrial products company’s stock after selling 6,782 shares during the quarter. VCI Wealth Management LLC’s holdings in Ingersoll Rand were worth $1,317,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IR. Capital International Investors grew its holdings in Ingersoll Rand by 4.7% in the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after purchasing an additional 2,351,781 shares during the period. Capital World Investors boosted its holdings in shares of Ingersoll Rand by 19.2% in the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Ingersoll Rand by 18.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the period. Capital Research Global Investors increased its holdings in shares of Ingersoll Rand by 1.2% during the 4th quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock worth $1,543,017,000 after buying an additional 222,125 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Ingersoll Rand by 8.6% during the 4th quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock worth $1,239,158,000 after buying an additional 1,237,527 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

Shares of IR opened at $81.52 on Friday. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. 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 firm has a market cap of $31.90 billion, a price-to-earnings ratio of 55.08, a PEG ratio of 5.17 and a beta of 1.19. The business’s 50 day moving average is $75.96 and its two-hundred day moving average is $82.59.

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

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is 5.41%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated 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 completion of the transaction, the insider directly owned 209,534 shares in the company, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

IR has been the topic of a number of research analyst reports. Citigroup reduced their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company cut their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus reduced their price objective 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. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.75.

Ingersoll Rand 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.