Pacer Advisors Inc. Has $2.46 Million Stake in Ingersoll Rand Inc. $IR

Pacer Advisors Inc. reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 19.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,988 shares of the industrial products company’s stock after selling 7,582 shares during the quarter. Pacer Advisors Inc.’s holdings in Ingersoll Rand were worth $2,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hudson Bay Capital Management LP acquired a new position in Ingersoll Rand in the third quarter valued at about $1,533,000. Nordea Investment Management AB increased its stake in shares of Ingersoll Rand by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after acquiring an additional 200,689 shares during the last quarter. Capital International Sarl increased its stake in shares of Ingersoll Rand by 38.2% in the 3rd quarter. Capital International Sarl now owns 485,356 shares of the industrial products company’s stock valued at $40,100,000 after acquiring an additional 134,035 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Ingersoll Rand by 29.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock valued at $7,389,000 after acquiring an additional 20,381 shares during the period. Finally, Capital International Ltd. CA raised its position in shares of Ingersoll Rand by 43.8% in the 3rd quarter. Capital International Ltd. CA now owns 214,251 shares of the industrial products company’s stock valued at $17,701,000 after acquiring an additional 65,236 shares during the period. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IR. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a report on Monday, May 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.75.

Insider Transactions at Ingersoll Rand

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

Ingersoll Rand Stock Down 1.3%

Ingersoll Rand stock opened at $76.87 on Wednesday. The company has a 50 day moving average of $76.32 and a 200-day moving average of $82.60. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The stock has a market capitalization of $30.08 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 4.93 and a beta of 1.19.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.85 billion for 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.02 per share. 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 dividend payout ratio (DPR) is presently 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.