Ingersoll Rand Stock (IR) Declines – What's Causing the Drop?

Ingersoll Rand stock is trading -8.65% below its average target price of $100.12 after dropping -3.2% during today's evening session. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $92.0 to $110.0 per share.

Ingersoll Rand's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.0%. The stock's short ratio is 2.61. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 97.0%. In conclusion, we believe there is mixed market sentiment regarding Ingersoll Rand.

Institutions Invested in Ingersoll Rand

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 11% 45,197,134 $4,133,729,834
2024-03-31 Blackrock Inc. 9% 36,657,332 $3,352,679,551
2024-03-31 Capital International Investors 6% 26,166,256 $2,393,165,749
2024-03-31 Price (T.Rowe) Associates Inc 6% 22,473,076 $2,055,387,510
2024-03-31 T. Rowe Price Investment Management, Inc. 5% 20,410,993 $1,866,789,401
2024-03-31 JP Morgan Chase & Company 4% 15,977,246 $1,461,278,904
2024-03-31 State Street Corporation 4% 15,605,778 $1,427,304,441
2024-03-31 FMR, LLC 4% 14,130,663 $1,292,390,425
2024-03-31 Capital Research Global Investors 3% 11,316,241 $1,034,983,391
2024-03-31 Franklin Resources, Inc. 3% 10,855,650 $992,857,739
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.