Capital Group Private Client Services Inc. Sells 14,301 Shares of Ingersoll Rand Inc. $IR

Key Points

• Capital Group Private Client Services Inc. reduced its Ingersoll Rand stake by 7.0% in the fourth quarter, selling 14,301 shares and leaving it with 189,560 shares worth about $15.0 million.
• Institutional ownership remains very high, with hedge funds and other institutional investors holding 95.27% of Ingersoll Rand’s stock, while several large funds also increased their positions.
• Ingersoll Rand recently beat quarterly expectations, reporting $0.77 EPS on $1.85 billion in revenue, but analysts remain cautious overall with a Hold consensus and an average price target of $92.75.

Capital Group Private Client Services Inc. trimmed its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,560 shares of the industrial products company's stock after selling 14,301 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Ingersoll Rand were worth $15,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors grew its holdings in Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company's stock worth $4,131,157,000 after acquiring an additional 7,816,194 shares in the last quarter. Capital World Investors grew 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 acquiring an additional 5,110,668 shares in the last quarter. Capital Research Global Investors grew its holdings in Ingersoll Rand by 14.3% during the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company's stock worth $1,590,818,000 after acquiring an additional 2,406,183 shares in the last quarter. Franklin Resources Inc. grew its holdings in 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 worth $1,190,096,000 after acquiring an additional 1,106,989 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Ingersoll Rand by 0.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company's stock worth $573,607,000 after acquiring an additional 28,787 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IR. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a "hold" rating on the stock in a report on Tuesday, April 14th. Citigroup lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a report on Thursday, April 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ingersoll Rand in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $92.75.

Ingersoll Rand Stock Up 0.4%

NYSE:IR opened at $72.26 on Friday. The company's 50-day simple moving average is $77.55 and its 200-day simple moving average is $82.74. The stock has a market capitalization of $28.28 billion, a P/E ratio of 48.83, a P/E/G ratio of 4.57 and a beta of 1.19. 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 - Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is 5.41%.

Insider Buying and Selling

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.