Hsbc Holdings PLC Buys 29,914 Shares of Ingersoll Rand Inc. $IR

Hsbc Holdings PLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 705,454 shares of the industrial products company’s stock after purchasing an additional 29,914 shares during the quarter. Hsbc Holdings PLC’s holdings in Ingersoll Rand were worth $56,415,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IR. Deseret Mutual Benefit Administrators increased its position 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 worth $28,000 after buying an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand during the 4th quarter worth $31,000. Torren Management LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth $32,000. Finally, Salomon & Ludwin LLC increased its holdings in Ingersoll Rand by 166.9% in the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on IR shares. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a report on Monday, May 11th. Morgan Stanley lowered their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Wells Fargo & Company cut their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Barclays lowered their target price on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.71.

Ingersoll Rand Stock Up 0.1%

Shares of NYSE IR opened at $82.29 on Monday. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company has a market cap of $32.20 billion, a P/E ratio of 55.60, a P/E/G ratio of 5.20 and a beta of 1.17. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The business has a 50-day simple moving average of $75.51 and a two-hundred day simple moving average of $82.56.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share 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 firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s 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. Research analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is 5.41%.

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.