Ingersoll Rand Inc. $IR Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.6% in the fourth quarter, HoldingsChannel reports. The firm owned 21,791,309 shares of the industrial products company’s stock after acquiring an additional 3,423,501 shares during the period. Ingersoll Rand makes up about 1.1% of T. Rowe Price Investment Management Inc.’s portfolio, making the stock its 17th biggest holding. T. Rowe Price Investment Management Inc. owned approximately 0.06% of Ingersoll Rand worth $1,726,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. AQR Capital Management LLC grew its holdings in Ingersoll Rand by 12.7% during 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 buying an additional 4,167 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Ingersoll Rand by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Ingersoll Rand by 6.2% in the first 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 in the last quarter. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand during the first quarter valued at $643,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Ingersoll Rand by 663.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,615 shares of the industrial products company’s stock worth $6,206,000 after purchasing an additional 64,838 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE IR opened at $78.04 on Friday. The firm has a market capitalization of $30.54 billion, a P/E ratio of 52.73, a P/E/G ratio of 4.88 and a beta of 1.19. Ingersoll Rand Inc. has a 1-year low of $68.07 and a 1-year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The business’s 50-day simple moving average is $76.81 and its 200-day simple moving average is $82.64.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is presently 5.41%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider owned 209,534 shares in the company, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on IR. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Wells Fargo & Company decreased their price target 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 lowered their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.75.

Ingersoll Rand 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.