Ingersoll Rand Inc. $IR Stake Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,553,355 shares of the industrial products company’s stock after selling 61,604 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.39% of Ingersoll Rand worth $123,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IR. Capital International Investors lifted its stake in Ingersoll Rand by 18.5% during the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after purchasing an additional 7,816,194 shares during the last quarter. Capital World Investors grew its position in Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after buying an additional 5,110,668 shares during the last quarter. Capital Research Global Investors grew its position in Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after buying an additional 2,406,183 shares during the last quarter. State Street Corp increased its holdings in shares of Ingersoll Rand by 1.5% in the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after buying an additional 239,779 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Ingersoll Rand by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after acquiring an additional 1,106,989 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In other news, insider Kathleen M. Keene sold 12,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the sale, the insider directly owned 3,528 shares of the company’s stock, valued at $350,894.88. This represents a 77.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the sale, the chief financial officer owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Trading Up 4.2%

NYSE IR opened at $80.15 on Wednesday. The firm’s 50 day moving average price is $89.41 and its two-hundred day moving average price is $83.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The stock has a market cap of $31.39 billion, a price-to-earnings ratio of 55.28, a PEG ratio of 4.74 and a beta of 1.29.

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

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IR shares. Wall Street Zen raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Citigroup upped their target price on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday. Finally, Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.86.

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.