Ingersoll Rand Inc. $IR Shares Sold by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC reduced its stake in Ingersoll Rand by 4.0% in the fourth quarter, selling 28,240 shares and leaving it with 675,540 shares valued at about $53.6 million.
• Analyst sentiment is mixed, with several firms cutting price targets; the stock currently carries a consensus Hold rating and an average target price of $92.75.
• Ingersoll Rand beat quarterly expectations, reporting EPS of $0.77 versus $0.74 expected and revenue of $1.85 billion, while also issuing FY2026 EPS guidance of 3.450 to 3.570.

Hsbc Holdings PLC lessened its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 675,540 shares of the industrial products company's stock after selling 28,240 shares during the period. Hsbc Holdings PLC owned about 0.17% of Ingersoll Rand worth $53,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its position in shares of Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after buying an additional 112 shares during the period. Sumitomo Life Insurance Co. lifted its stake in Ingersoll Rand by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company's stock worth $1,686,000 after acquiring an additional 138 shares in the last quarter. Groupama Asset Managment lifted its stake in Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company's stock worth $645,000 after acquiring an additional 140 shares in the last quarter. Andina Capital Management LLC boosted its holdings in Ingersoll Rand by 2.6% during the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company's stock valued at $446,000 after acquiring an additional 145 shares during the period. Finally, Compound Planning Inc. boosted its holdings in Ingersoll Rand by 6.0% during the 3rd quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on IR shares. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a "hold" rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Citigroup cut their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ingersoll Rand in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $92.75.

Insider Activity at Ingersoll Rand

In related 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 value of $2,683,296.00. Following the transaction, the insider owned 209,534 shares of the company's stock, valued at $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $76.87 on Wednesday. The business has a 50-day simple moving average of $76.32 and a 200-day simple moving average of $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 one year low of $68.07 and a one year high of $100.96. The company has a market cap of $30.08 billion, a PE ratio of 51.94, a P/E/G ratio of 4.93 and a beta of 1.19.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

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.

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