Danske Bank A S Sells 10,586 Shares of Ingersoll Rand Inc. $IR

by · The Cerbat Gem

Danske Bank A S trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 266,282 shares of the industrial products company’s stock after selling 10,586 shares during the quarter. Danske Bank A S’s holdings in Ingersoll Rand were worth $21,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of Ingersoll Rand by 8.5% during the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 131 shares in the last quarter. Golden State Equity Partners boosted its position in shares of Ingersoll Rand by 5.1% during the third quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 155 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Ingersoll Rand by 6.0% during the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 157 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Ingersoll Rand by 2.1% during the third quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 159 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Ingersoll Rand by 2.7% during the third quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 163 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Down 2.5%

Shares of NYSE:IR opened at $77.89 on Friday. Ingersoll Rand Inc. has a 12 month low of $72.45 and a 12 month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $84.96 and its 200 day simple moving average is $83.68. The firm has a market cap of $30.48 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 4.89 and a beta of 1.25.

Ingersoll Rand (NYSE:IRGet Free Report) 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. 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 period last year, the business posted $0.72 earnings per share. The firm’s quarterly 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, research analysts forecast that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the sale, the insider directly owned 3,528 shares of the company’s stock, valued at $350,894.88. The trade was a 77.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 424,263 shares of company stock valued at $40,828,923 over the last quarter. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IR. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research report on Thursday. Citigroup reduced their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus reduced their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Four investment 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 stock presently has a consensus rating of “Hold” and an average price target of $94.71.

View Our Latest Research Report on IR

Ingersoll Rand Profile

(Free Report)

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.

Further Reading

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