Dimensional Fund Advisors LP Decreases Holdings in Ingersoll Rand Inc. $IR

Dimensional Fund Advisors LP reduced its position in Ingersoll Rand Inc. (NYSE:IR) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,293,865 shares of the industrial products company’s stock after selling 83,972 shares during the quarter. Dimensional Fund Advisors LP owned about 0.83% of Ingersoll Rand worth $272,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fiduciary Group LLC purchased a new position in Ingersoll Rand during the 3rd quarter worth $204,000. Cresset Asset Management LLC grew its stake in shares of Ingersoll Rand by 15.5% during the third quarter. Cresset Asset Management LLC now owns 3,122 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 420 shares during the last quarter. NZS Capital LLC grew its stake in shares of Ingersoll Rand by 94.0% during the third quarter. NZS Capital LLC now owns 893,381 shares of the industrial products company’s stock worth $73,811,000 after acquiring an additional 432,869 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Ingersoll Rand by 24.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 259,196 shares of the industrial products company’s stock valued at $21,415,000 after acquiring an additional 50,368 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its position in shares of Ingersoll Rand by 14.6% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 39,645 shares of the industrial products company’s stock valued at $3,275,000 after purchasing an additional 5,050 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In other Ingersoll Rand news, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the sale, the insider owned 193,186 shares in the company, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kathleen M. Keene sold 12,000 shares of the firm’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 transaction of $1,193,520.00. Following the sale, the insider directly owned 3,528 shares in the company, valued at $350,894.88. The trade was a 77.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 584,771 shares of company stock valued at $54,976,547 in the last three months. 0.59% of the stock is currently owned by company insiders.

Ingersoll Rand Price Performance

NYSE:IR opened at $86.58 on Friday. The firm’s fifty day moving average is $89.84 and its two-hundred day moving average is $82.98. The firm has a market cap of $33.91 billion, a price-to-earnings ratio of 59.71, a PEG ratio of 5.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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 analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts expect 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 given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Analyst Ratings Changes

IR has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Citigroup upped their target price on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.86.

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.