Ingersoll Rand shares rose 2.2% this afternoon to a price of $101.13. The stock is still trading within range of its average target price of $103.03, and over the last 52 weeks, it has recorded a 57.8% performance. Analysts have given the Large-Cap Farm & Heavy Construction Machinery stock target prices ranging from $88.0 to $115.0 dollars per share, with 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 4.59. 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 100.1%. 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 | $4,569,431,704 |
| 2024-06-30 | Blackrock Inc. | 9% | 34,477,553 | $3,486,714,840 |
| 2024-06-30 | Capital International Investors | 8% | 30,880,858 | $3,122,981,084 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 5% | 21,406,617 | $2,164,851,118 |
| 2024-06-30 | Capital Research Global Investors | 5% | 19,896,479 | $2,012,130,866 |
| 2024-06-30 | Capital World Investors | 4% | 17,985,374 | $1,818,860,823 |
| 2024-06-30 | T. Rowe Price Investment Management, Inc. | 4% | 17,676,317 | $1,787,605,889 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 16,766,640 | $1,695,610,257 |
| 2024-06-30 | State Street Corporation | 4% | 15,664,084 | $1,584,108,771 |
| 2024-06-30 | FMR, LLC | 4% | 14,614,038 | $1,477,917,622 |
