Legal & General Group Plc Cuts Stock Holdings in Ingersoll Rand Inc. $IR

Key Points

• Legal & General Group Plc reduced its Ingersoll Rand stake by 2.3% in the fourth quarter, selling 52,747 shares and leaving it with 2,206,327 shares valued at about $174.8 million.
• Insider selling also occurred, with CEO Vicente Reynal selling 118,044 shares on March 2 for roughly $11.1 million, a 36% decrease in his direct holdings.
• Ingersoll Rand reported better-than-expected quarterly results, earning $0.77 per share on revenue of $1.85 billion, and it raised FY2026 EPS guidance to $3.45-$3.57. However, analysts are mixed overall, with the stock carrying an average rating of Hold and an average target price of $93.38.

Legal & General Group Plc lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,206,327 shares of the industrial products company's stock after selling 52,747 shares during the period. Legal & General Group Plc owned approximately 0.56% of Ingersoll Rand worth $174,785,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IR. AQR Capital Management LLC raised its stake in shares of Ingersoll Rand by 12.7% in the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company's stock valued at $2,904,000 after acquiring an additional 4,167 shares during the period. NewEdge Advisors LLC raised its stake in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company's stock valued at $494,000 after acquiring an additional 282 shares during the period. Empowered Funds LLC raised its stake in shares of Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company's stock valued at $619,000 after acquiring an additional 454 shares during the period. Woodline Partners LP purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ingersoll Rand by 663.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company's stock valued at $6,206,000 after acquiring an additional 64,838 shares during the period. Hedge funds and other institutional investors own 95.27% of the company's stock.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 118,044 shares of Ingersoll Rand stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.11, for a total value of $11,109,120.84. Following the completion of the transaction, the insider directly owned 209,534 shares of the company's stock, valued at approximately $19,719,244.74. The trade was a 36.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Ingersoll Rand Price Performance

Shares of IR stock opened at $70.93 on Thursday. The firm has a market cap of $27.76 billion, a P/E ratio of 47.93, a P/E/G ratio of 4.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The firm has a fifty day moving average of $79.12 and a two-hundred day moving average of $83.05.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. 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. As a group, research analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand's payout ratio is 5.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IR shares. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating on the stock in a research note 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. Stifel Nicolaus cut their target price 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. Barclays cut their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $93.38.

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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