Franklin Resources Inc. Buys 1,237,527 Shares of Ingersoll Rand Inc. $IR

Franklin Resources Inc. increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,641,979 shares of the industrial products company’s stock after acquiring an additional 1,237,527 shares during the period. Franklin Resources Inc.’s holdings in Ingersoll Rand were worth $1,239,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IR. Deseret Mutual Benefit Administrators raised its stake in Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares during the period. Hilton Head Capital Partners LLC bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $29,000. Torren Management LLC bought a new stake in Ingersoll Rand in the fourth quarter valued at approximately $32,000. Salomon & Ludwin LLC raised its stake in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after buying an additional 267 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its stake in Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after buying an additional 173 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on IR shares. Morgan Stanley dropped their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Barclays dropped their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.75.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction that occurred on 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 owned 209,534 shares of the company’s stock, valued at $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $72.26 on Monday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The stock’s 50 day moving average is $77.55 and its 200-day moving average is $82.80. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 4.57 and a beta of 1.20.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a 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.