JPMorgan Chase & Co. Lowers Stake in Ingersoll Rand Inc. $IR

JPMorgan Chase & Co. lessened its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,211,638 shares of the industrial products company’s stock after selling 266,843 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ingersoll Rand were worth $967,406,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IR. Capital International Investors raised its position in Ingersoll Rand by 18.5% in the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after purchasing an additional 7,816,194 shares during the period. Norges Bank purchased a new position in Ingersoll Rand in the 4th quarter worth $407,915,000. Capital World Investors raised its position in Ingersoll Rand by 19.2% in the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. Capital Research Global Investors raised its position in Ingersoll Rand by 14.3% in the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock worth $1,590,818,000 after purchasing an additional 2,406,183 shares during the period. Finally, Swedbank AB boosted its holdings in Ingersoll Rand by 72.4% during the 4th quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after acquiring an additional 1,628,996 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of several recent research reports. Robert W. Baird set a $103.00 price target on Ingersoll Rand in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Citigroup dropped their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Stifel Nicolaus dropped their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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 dated 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 completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at $18,438,992. This trade represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock opened at $73.90 on Wednesday. The firm has a market cap of $28.92 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 4.58 and a beta of 1.19. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $77.26 and its two-hundred day simple moving average is $82.80.

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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm 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. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) 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.