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

Douglas Lane & Associates LLC decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 1.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 822,445 shares of the industrial products company’s stock after selling 12,518 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Ingersoll Rand were worth $61,774,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in Ingersoll Rand in the 2nd quarter valued at $26,000. Continuum Advisory LLC bought a new stake in Ingersoll Rand in the second quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new stake in Ingersoll Rand during the 4th quarter worth $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand during the 4th quarter valued at about $31,000. Finally, Axiom Investment Management LLC bought a new position in Ingersoll Rand in the first quarter valued at approximately $37,000. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ingersoll Rand Stock Performance

Shares of NYSE:IR traded up $0.69 on Friday, hitting $78.69. The company had a trading volume of 806,225 shares, compared to its average volume of 4,028,316. The stock has a market cap of $30.53 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 3.21 and a beta of 1.15. The stock has a 50 day moving average price of $78.52 and a 200 day moving average price of $78.56. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm 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. Analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a 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

In other Ingersoll Rand news, Director Aurobind Satpathy purchased 11,538 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.