New England Research & Management Inc. Sells 7,632 Shares of Ingersoll Rand Inc. $IR

New England Research & Management Inc. lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,352 shares of the industrial products company’s stock after selling 7,632 shares during the quarter. New England Research & Management Inc.’s holdings in Ingersoll Rand were worth $853,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Ingersoll Rand in the second quarter valued at about $2,484,319,000. T. Rowe Price Investment Management Inc. lifted 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 buying an additional 3,423,501 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Ingersoll Rand in the second quarter worth about $547,628,000. Janus Henderson Group PLC boosted its position 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 worth $526,926,000 after acquiring an additional 146,450 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Ingersoll Rand during the second quarter worth about $328,309,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citigroup reaffirmed a “buy” rating on shares of Ingersoll Rand in a research note on Monday, October 12th. 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. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $87.00 target price on shares of Ingersoll Rand in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.14.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, Director Aurobind Satpathy acquired 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the acquisition, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Trading Down 0.1%

IR traded down $0.11 during mid-day trading on Friday, hitting $77.76. 4,499,999 shares of the stock were exchanged, compared to its average volume of 4,836,145. The firm’s fifty day moving average is $77.41 and its two-hundred day moving average is $78.44. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a market cap of $30.17 billion, a PE ratio of 32.00, a PEG ratio of 3.23 and a beta of 1.15. 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 released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%. Ingersoll Rand’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Equities analysts forecast that Ingersoll Rand Inc. will post 3.41 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Ingersoll Rand Company 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.