Royal London Asset Management Ltd. Decreases Stock Holdings in Ingersoll Rand Inc. $IR

Key Points

• Royal London Asset Management cut its Ingersoll Rand stake by 21.6% in the second quarter, selling 57,388 shares and retaining 208,292 shares worth approximately $17.1 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported stronger-than-expected quarterly results, with EPS of $0.86 versus the $0.83 consensus and revenue of $2.05 billion, up 8.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $3.57.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $96.14 versus the stock’s reported $78.52 price. The company also declared a quarterly dividend of $0.02 per share, yielding 0.1% annually.

Royal London Asset Management Ltd. trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,292 shares of the industrial products company's stock after selling 57,388 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Ingersoll Rand worth $17,078,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Ingersoll Rand by 388.7% in the 1st quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company's stock worth $6,567,000 after buying an additional 65,189 shares during the last quarter. Strs Ohio lifted its stake in Ingersoll Rand by 11.2% in the fourth quarter. Strs Ohio now owns 237,624 shares of the industrial products company's stock worth $18,825,000 after acquiring an additional 23,974 shares during the period. National Pension Service lifted its stake in Ingersoll Rand by 3.0% in the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company's stock worth $50,405,000 after acquiring an additional 18,289 shares during the period. Norges Bank bought a new stake in Ingersoll Rand in the fourth quarter valued at $407,915,000. Finally, Hsbc Holdings PLC increased its position in Ingersoll Rand by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 705,454 shares of the industrial products company's stock valued at $56,415,000 after purchasing an additional 29,914 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $78.52 on Monday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The stock has a market cap of $30.47 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The company's fifty day moving average price is $82.02 and its 200-day moving average price is $81.78.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The company's revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.39 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand's payout ratio is presently 3.29%.

Wall Street Analyst Weigh In

IR has been the subject of several research reports. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a report on Monday, August 10th. Robert W. Baird boosted their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Stifel Nicolaus raised shares of Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price target for the company in a research note on Monday, August 3rd. Weiss Ratings raised Ingersoll Rand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded Ingersoll Rand from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.14.

Insider Buying and Selling

In related news, Director Aurobind Satpathy bought 11,538 shares of the company's stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the acquisition, the director owned 11,538 shares of the company's stock, valued at $1,000,113.84. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company's stock.

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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