Capital Group Private Client Services Inc. Has $16.84 Million Holdings in Ingersoll Rand Inc. $IR

Capital Group Private Client Services Inc. decreased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 73.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,861 shares of the industrial products company’s stock after selling 553,165 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.05% of Ingersoll Rand worth $16,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC bought a new position in Ingersoll Rand during the 3rd quarter worth about $36,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth about $36,000. Westside Investment Management Inc. grew its holdings in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 301 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.3%

Ingersoll Rand stock opened at $86.68 on Tuesday. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $100.96. The firm has a market capitalization of $33.95 billion, a PE ratio of 59.78, a P/E/G ratio of 5.34 and a beta of 1.29. The company’s 50-day moving average is $89.96 and its 200-day moving average is $83.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

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

Ingersoll Rand Dividend Announcement

The business 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 dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s payout ratio is 5.52%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Barclays increased their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price 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, Citigroup increased their price target on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus price target of $101.86.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 191,000 shares of Ingersoll Rand stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the completion of the sale, the insider owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the completion of the transaction, the chief accounting officer owned 12,153 shares in the company, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 584,771 shares of company stock valued at $54,976,547. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Company 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.