California Public Employees Retirement System Sells 36,994 Shares of Ingersoll Rand Inc. $IR

California Public Employees Retirement System trimmed its stake in Ingersoll Rand Inc. (NYSE:IR) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 684,471 shares of the industrial products company’s stock after selling 36,994 shares during the period. California Public Employees Retirement System’s holdings in Ingersoll Rand were worth $54,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators raised its stake in Ingersoll Rand by 46.9% in 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 in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand in the fourth quarter worth about $29,000. Reflection Asset Management bought a new stake in Ingersoll Rand during the 4th quarter valued at approximately $31,000. Torren Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the subject of a number of research analyst reports. Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings cut Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Morgan Stanley lowered their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Monday. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.86.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $80.26 on Tuesday. 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 has a fifty day moving average price of $75.62 and a 200-day moving average price of $82.55. The company has a market capitalization of $31.41 billion, a PE ratio of 54.23, a PEG ratio of 5.20 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly 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 company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Ingersoll Rand’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. As a group, equities analysts expect 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. Shareholders of record on Thursday, May 14th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

About Ingersoll Rand

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.