Ingersoll Rand Inc. $IR Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 45.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,831 shares of the industrial products company’s stock after acquiring an additional 7,083 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Ingersoll Rand were worth $1,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ingersoll Rand by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock valued at $3,920,151,000 after purchasing an additional 859,062 shares in the last quarter. State Street Corp grew its holdings 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 buying an additional 239,779 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Ingersoll Rand by 4.5% during the second quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock worth $1,106,083,000 after buying an additional 574,437 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ingersoll Rand by 2.1% in the second quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock valued at $844,028,000 after buying an additional 211,316 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Ingersoll Rand by 0.4% in the third quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock valued at $573,607,000 after buying an additional 28,787 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Vicente Reynal sold 191,000 shares of the business’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 completion of the sale, the insider owned 193,186 shares in the company, valued at approximately $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 584,771 shares of company stock worth $54,976,547. 0.59% of the stock is currently owned by company insiders.

Ingersoll Rand Trading Down 1.4%

NYSE IR opened at $85.18 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The firm has a market cap of $33.36 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 5.34 and a beta of 1.29. The firm has a 50 day simple moving average of $90.20 and a 200-day simple moving average of $83.15. 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 earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm posted $0.84 EPS. Ingersoll Rand’s revenue for the quarter was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s payout ratio is currently 5.52%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Citigroup increased their price target on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Barclays lifted their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Finally, Stifel Nicolaus raised their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.