Running Oak Capital LLC trimmed its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,868 shares of the industrial products company's stock after selling 14,068 shares during the quarter. Running Oak Capital LLC's holdings in Ingersoll Rand were worth $14,487,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in IR. Heartwood Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new position in Ingersoll Rand in the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. grew its holdings in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company's stock worth $39,000 after buying an additional 232 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company's stock worth $40,000 after buying an additional 173 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company's stock worth $48,000 after buying an additional 301 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
IR has been the subject of a number of recent analyst reports. Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a report on Tuesday, February 17th. Barclays decreased their price objective on Ingersoll Rand from $111.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Ingersoll Rand in a report on Friday, March 27th. Citigroup increased their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Finally, Stifel Nicolaus increased their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a "hold" rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of "Hold" and a consensus target price of $97.43.
Check Out Our Latest Report on Ingersoll Rand
Ingersoll Rand Stock Performance
Shares of NYSE IR opened at $85.38 on Monday. The stock has a fifty day moving average price of $88.48 and a two-hundred day moving average price of $83.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The firm has a market cap of $33.44 billion, a P/E ratio of 58.88, a PEG ratio of 5.32 and a beta of 1.33. Ingersoll Rand Inc. has a 1 year low of $68.97 and a 1 year high of $100.96.
Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly 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 firm 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 firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.
Ingersoll Rand Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, March 4th. Ingersoll Rand's dividend payout ratio (DPR) is presently 5.52%.
Insider Activity
In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the transaction, the chief financial officer directly owned 98,517 shares of the company's stock, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 584,771 shares of company stock worth $54,976,547 in the last quarter. 0.59% of the stock is currently owned by corporate insiders.
About Ingersoll Rand
(
Free Report)
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.
Further Reading
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