Securian Asset Management Inc. Has $774,000 Position in Ingersoll Rand Inc. $IR

Securian Asset Management Inc. lessened its holdings in Ingersoll Rand Inc. (NYSE:IR) by 44.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,776 shares of the industrial products company’s stock after selling 7,688 shares during the period. Securian Asset Management Inc.’s holdings in Ingersoll Rand were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after purchasing an additional 7,816,194 shares during the period. Capital World Investors lifted its holdings in Ingersoll Rand by 19.2% during 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 buying an additional 5,110,668 shares during the period. Capital Research Global Investors grew its position in shares of 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 valued at $1,590,818,000 after buying an additional 2,406,183 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Ingersoll Rand by 8.3% in the third quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after buying an additional 1,106,989 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Ingersoll Rand by 0.4% during the third quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock worth $573,607,000 after acquiring an additional 28,787 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. The trade was a 61.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider directly owned 16,200 shares in the company, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 323,823 shares of company stock valued at $31,031,021. Corporate insiders own 0.49% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $71.32 on Thursday. The firm has a market cap of $27.91 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 4.62 and a beta of 1.25. Ingersoll Rand Inc. has a 52-week low of $70.97 and a 52-week high of $100.96. The business’s 50 day moving average price is $82.31 and its two-hundred day moving average price is $83.59. 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 (NYSE:IR) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’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. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.38 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

Analyst Ratings Changes

Several analysts recently commented on IR shares. Wells Fargo & Company reduced their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup dropped 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, April 30th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Barclays decreased their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Evercore set a $84.00 target price on shares of Ingersoll Rand in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.38.

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.