Wellington Management Group LLP Sells 90,813 Shares of Ingersoll Rand Inc. $IR

Wellington Management Group LLP cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,471,670 shares of the industrial products company’s stock after selling 90,813 shares during the period. Wellington Management Group LLP owned approximately 0.38% of Ingersoll Rand worth $120,662,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of Ingersoll Rand in the second quarter worth about $26,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ingersoll Rand during the 4th quarter valued at about $29,000. Reflection Asset Management bought a new position in Ingersoll Rand during the 4th quarter worth approximately $31,000. Finally, Arax Advisory Partners bought a new position in Ingersoll Rand during the 4th quarter worth approximately $35,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on IR. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Monday, August 3rd. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a report on Monday, August 10th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $96.14.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $74.56 on Wednesday. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The stock has a market capitalization of $28.93 billion, a P/E ratio of 30.68, a P/E/G ratio of 4.85 and a beta of 1.15. The company’s 50-day moving average is $81.95 and its 200 day moving average is $81.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%.The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts expect that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 3.29%.

Insiders Place Their Bets

In other news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the purchase, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

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.