CCLA Investment Management Sells 128,084 Shares of Ingersoll Rand Inc. $IR

CCLA Investment Management trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,246,800 shares of the industrial products company’s stock after selling 128,084 shares during the period. CCLA Investment Management owned approximately 0.32% of Ingersoll Rand worth $98,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IR. AQR Capital Management LLC grew its stake in shares of Ingersoll Rand by 12.7% in the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock worth $2,904,000 after acquiring an additional 4,167 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Ingersoll Rand by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Ingersoll Rand by 6.2% in the first quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 454 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Ingersoll Rand in the first quarter valued at about $643,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Ingersoll Rand by 663.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock valued at $6,206,000 after buying an additional 64,838 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IR shares. Barclays reduced their target price on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Citigroup increased their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Stifel Nicolaus raised their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.43.

Ingersoll Rand Stock Up 6.5%

Shares of IR opened at $84.74 on Thursday. The stock has a market cap of $33.19 billion, a price-to-earnings ratio of 58.44, a P/E/G ratio of 4.81 and a beta of 1.33. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12 month low of $65.70 and a 12 month high of $100.96. The company has a 50-day moving average price of $88.52 and a two-hundred day moving average price of $83.34.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last 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 predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of Ingersoll Rand stock in a transaction on Tuesday, February 17th. The stock was 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 directly owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand stock in a transaction 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 transaction, the insider directly owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 584,771 shares of company stock valued at $54,976,547. Insiders own 0.59% of the company’s stock.

About Ingersoll Rand

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.