Sageworth Trust Co Takes Position in Ingersoll Rand Inc. $IR

Sageworth Trust Co bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,128 shares of the industrial products company’s stock, valued at approximately $651,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Ingersoll Rand during the 4th quarter valued at approximately $407,915,000. T. Rowe Price Investment Management Inc. raised its position in shares of Ingersoll Rand by 18.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after purchasing an additional 3,423,501 shares in the last quarter. Capital International Investors boosted its stake in shares of Ingersoll Rand by 4.7% during the 4th quarter. Capital International Investors now owns 52,353,914 shares of the industrial products company’s stock valued at $4,147,878,000 after buying an additional 2,351,781 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $149,297,000. Finally, Swedbank AB grew its position in shares of Ingersoll Rand by 72.4% during the fourth quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock worth $307,243,000 after buying an additional 1,628,996 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $76.78 on Thursday. 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 $30.05 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 4.98 and a beta of 1.17. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The business has a 50 day simple moving average of $75.25 and a 200-day simple moving average of $82.61.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Insider Activity

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IR. Wells Fargo & Company dropped their price target 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. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Barclays dropped 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 report on Thursday, April 30th. Finally, Morgan Stanley cut their target price on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.75.

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.