Ingersoll Rand Inc. $IR Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,663 shares of the industrial products company’s stock after selling 9,657 shares during the period. Marks Group Wealth Management Inc’s holdings in Ingersoll Rand were worth $7,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IR. Bank of New York Mellon Corp raised its holdings in shares of Ingersoll Rand by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 3,978,456 shares of the industrial products company’s stock worth $318,754,000 after purchasing an additional 77,366 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Ingersoll Rand by 10.3% in the first quarter. Sanctuary Advisors LLC now owns 29,046 shares of the industrial products company’s stock valued at $2,327,000 after purchasing an additional 2,713 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in Ingersoll Rand in the first quarter valued at $237,000. ABC Arbitrage SA acquired a new stake in Ingersoll Rand during the 1st quarter worth about $463,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Ingersoll Rand by 15.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,664 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a report on Thursday, April 30th. Wells Fargo & Company reduced their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Barclays dropped their price objective 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $92.71.

Ingersoll Rand Trading Up 0.2%

Shares of Ingersoll Rand stock opened at $79.14 on Thursday. The firm has a 50-day simple moving average of $75.23 and a two-hundred day simple moving average of $82.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a market cap of $30.97 billion, a P/E ratio of 53.47, a price-to-earnings-growth ratio of 5.00 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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 was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is 5.41%.

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.