Meyer Handelman Co. Has $18.59 Million Position in Ingersoll Rand Inc. $IR

Meyer Handelman Co. lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 9.0% in the first quarter, HoldingsChannel.com reports. The firm owned 231,960 shares of the industrial products company’s stock after selling 23,022 shares during the period. Meyer Handelman Co.’s holdings in Ingersoll Rand were worth $18,585,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital International Investors increased its position in shares of Ingersoll Rand by 4.7% during the fourth quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock worth $4,147,878,000 after acquiring an additional 2,351,781 shares in the last quarter. Capital World Investors increased its holdings in Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Ingersoll Rand by 18.6% in 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. Capital Research Global Investors lifted its holdings in shares of Ingersoll Rand by 1.2% in the fourth quarter. Capital Research Global Investors now owns 19,476,801 shares of the industrial products company’s stock valued at $1,543,017,000 after purchasing an additional 222,125 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Ingersoll Rand by 8.6% in the fourth quarter. Franklin Resources Inc. now owns 15,641,979 shares of the industrial products company’s stock valued at $1,239,158,000 after purchasing an additional 1,237,527 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale 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

Several brokerages recently issued reports on IR. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley reduced their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Finally, Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.75.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $81.81 on Friday. The company has a market capitalization of $32.01 billion, a P/E ratio of 55.27, a price-to-earnings-growth ratio of 4.96 and a beta of 1.19. The company’s 50-day moving average is $76.00 and its 200 day moving average is $82.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data 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 the consensus estimate of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued 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 of this dividend was Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

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.