Ingersoll Rand Inc. $IR Stake Lowered by Banque Transatlantique SA

Banque Transatlantique SA decreased its stake in Ingersoll Rand Inc. (NYSE:IR) by 15.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,072 shares of the industrial products company’s stock after selling 48,875 shares during the period. Banque Transatlantique SA owned 0.07% of Ingersoll Rand worth $21,642,000 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 stock. FORA Capital LLC lifted its stake in Ingersoll Rand by 268.9% in the third quarter. FORA Capital LLC now owns 15,350 shares of the industrial products company’s stock valued at $1,268,000 after buying an additional 11,189 shares during the last quarter. Eisler Capital Management Ltd. bought a new position in shares of Ingersoll Rand during the third quarter worth about $3,926,000. Quantitative Investment Management LLC bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $799,000. Arrowstreet Capital Limited Partnership lifted its holdings in Ingersoll Rand by 326.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 318,261 shares of the industrial products company’s stock worth $26,295,000 after purchasing an additional 243,646 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Ingersoll Rand by 5.5% in the 3rd quarter. Invesco Ltd. now owns 2,980,446 shares of the industrial products company’s stock worth $246,244,000 after acquiring an additional 156,371 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $82.12 on Friday. The company has a market capitalization of $32.16 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 5.01 and a beta of 1.29. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $90.28 and its 200-day simple moving average is $83.16.

Ingersoll Rand (NYSE:IR) last issued 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 company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be issued 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 analysts have recently commented on IR shares. Barclays boosted their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Citigroup raised their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.86.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the transaction, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vikram Kini sold 28,367 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares in the company, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 584,771 shares of company stock valued at $54,976,547 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

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.