Citigroup Inc. Buys 48,225 Shares of Ingersoll Rand Inc. $IR

Citigroup Inc. lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,437 shares of the industrial products company’s stock after purchasing an additional 48,225 shares during the quarter. Citigroup Inc. owned about 0.12% of Ingersoll Rand worth $39,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ingersoll Rand by 1.9% in the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after acquiring an additional 859,062 shares in the last quarter. State Street Corp raised its position in shares of Ingersoll Rand by 1.5% during the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock worth $1,373,694,000 after purchasing an additional 239,779 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Ingersoll Rand by 4.5% in the 2nd quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock worth $1,106,083,000 after purchasing an additional 574,437 shares in the last quarter. Geode Capital Management LLC grew its position in Ingersoll Rand by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock valued at $844,028,000 after purchasing an additional 211,316 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Ingersoll Rand by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after purchasing an additional 38,999 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total value of $1,193,520.00. Following the transaction, the insider owned 3,528 shares in the company, valued at approximately $350,894.88. This represents a 77.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of the sale, the director directly owned 23,983 shares of the company’s stock, valued at $2,299,969.70. This represents a 15.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 468,204 shares of company stock valued at $43,986,517. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Citigroup raised their target price on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand has an average rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $94.52 on Wednesday. The company has a market capitalization of $37.02 billion, a PE ratio of 65.19, a PEG ratio of 5.82 and a beta of 1.32. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $87.99 and its 200-day moving average price is $82.30. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.Ingersoll Rand’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be 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 is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

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.