APG Asset Management N.V. Has $201.10 Million Holdings in Ingersoll Rand Inc. $IR

APG Asset Management N.V. boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 134.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,433,972 shares of the industrial products company’s stock after buying an additional 1,396,421 shares during the period. APG Asset Management N.V. owned approximately 0.62% of Ingersoll Rand worth $201,095,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts recently weighed in on IR shares. Stifel Nicolaus upped their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Wells Fargo & Company increased their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Citigroup raised their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $101.86.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $93.97 on Friday. The stock’s 50 day moving average is $88.89 and its 200 day moving average is $82.61. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $100.96. The firm has a market cap of $36.80 billion, a P/E ratio of 64.81, a P/E/G ratio of 5.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

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

Ingersoll Rand Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.52%.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the transaction, the insider directly owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the transaction, the insider directly owned 3,528 shares in the company, valued at $350,894.88. This represents a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 468,204 shares of company stock valued at $43,986,517. 0.59% of the stock is owned by corporate insiders.

Ingersoll Rand Company 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.