This morning we watched Ingersoll Rand rise 3.3% to a price of $93.97 per share. The Large-Cap Farm & Heavy Construction Machinery company is now trading -7.69% below its average target price of $101.8. Analysts have set target prices ranging from $88.0 to $115.0 per share for Ingersoll Rand, and have given the stock an average rating of buy.
Ingersoll Rand's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 3.54. 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 100.2%. In conclusion, we believe there is mixed market sentiment regarding Ingersoll Rand.
Institutions Invested in Ingersoll Rand
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 11% | 45,183,742 | $4,245,916,290 |
| 2024-06-30 | Blackrock Inc. | 9% | 34,477,553 | $3,239,855,697 |
| 2024-06-30 | Capital International Investors | 8% | 30,880,858 | $2,901,874,263 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 5% | 21,406,617 | $2,011,579,825 |
| 2024-06-30 | Capital Research Global Investors | 5% | 19,896,479 | $1,869,672,155 |
| 2024-06-30 | Capital World Investors | 4% | 17,985,374 | $1,690,085,616 |
| 2024-06-30 | T. Rowe Price Investment Management, Inc. | 4% | 17,676,317 | $1,661,043,530 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 16,766,640 | $1,575,561,181 |
| 2024-06-30 | State Street Corporation | 4% | 15,664,084 | $1,471,953,992 |
| 2024-06-30 | FMR, LLC | 4% | 14,614,038 | $1,373,281,168 |
