Artisan Partners Limited Partnership Has $151.49 Million Stake in Ingersoll Rand Inc. $IR

Artisan Partners Limited Partnership trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,833,515 shares of the industrial products company’s stock after selling 32,642 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.46% of Ingersoll Rand worth $151,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC grew its position in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after buying an additional 205 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the third quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter valued at approximately $36,000. Westside Investment Management Inc. increased its position in Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $94.53 on Friday. The company has a market capitalization of $37.02 billion, a PE ratio of 65.19, a PEG ratio of 5.76 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 $88.60 and its 200-day moving average price is $82.46. 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. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company posted $0.84 earnings per share. Ingersoll Rand’s quarterly revenue was up 10.1% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s payout ratio is 5.52%.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the completion of the sale, the chief accounting officer owned 12,153 shares in the company, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the completion of the transaction, the insider owned 16,200 shares in the company, valued at approximately $1,573,182. The trade was a 52.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 468,204 shares of company stock valued at $43,986,517 in the last 90 days. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IR shares. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Stifel Nicolaus increased their price target on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Citigroup lifted their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Wells Fargo & Company lifted their target price on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Profile

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.