Ingersoll Rand Inc. $IR Stake Lessened by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. lessened its stake in Ingersoll Rand Inc. (NYSE:IR) by 96.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,692 shares of the industrial products company’s stock after selling 81,669 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Ingersoll Rand were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Canada Post Corp Registered Pension Plan increased its stake in shares of Ingersoll Rand by 28.7% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 8,609 shares of the industrial products company’s stock worth $682,000 after buying an additional 1,920 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Ingersoll Rand during the fourth quarter valued at $221,000. Northwestern Mutual Wealth Management Co. increased its stake in Ingersoll Rand by 3,338.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 744,052 shares of the industrial products company’s stock valued at $58,944,000 after purchasing an additional 722,412 shares during the last quarter. Phoenix Financial Ltd. increased its stake in Ingersoll Rand by 16.9% during the fourth quarter. Phoenix Financial Ltd. now owns 3,124 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 451 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Ingersoll Rand by 6.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 4,373 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Analysts Set New Price Targets

IR has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company lowered their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays lowered their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup lowered their target price on shares of 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, Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Hold” and a consensus target price of $93.38.

Insider Transactions at Ingersoll Rand

In other news, Director John Humphrey sold 4,300 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $95.90, for a total transaction of $412,370.00. Following the completion of the transaction, the director owned 23,983 shares in the company, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares of the company’s stock, valued at $9,506,890.50. This represents a 22.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 181,203 shares of company stock worth $16,942,202. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Down 2.1%

Ingersoll Rand stock opened at $68.50 on Wednesday. The company has a 50-day simple moving average of $80.72 and a 200-day simple moving average of $83.32. The firm has a market capitalization of $26.81 billion, a P/E ratio of 46.29, a P/E/G ratio of 4.42 and a beta of 1.25. 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 one year low of $68.07 and a one year high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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. The business had revenue of $1.85 billion during 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 company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. 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 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

Ingersoll Rand 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.