AIA Group Ltd Has $7.65 Million Stake in Ingersoll Rand Inc. $IR

AIA Group Ltd raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 50.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,545 shares of the industrial products company’s stock after buying an additional 31,137 shares during the period. AIA Group Ltd’s holdings in Ingersoll Rand were worth $7,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IR. Capital International Investors raised its stake in shares of Ingersoll Rand by 18.5% in the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after acquiring an additional 7,816,194 shares in the last quarter. Vanguard Group Inc. boosted its position in Ingersoll Rand by 1.9% during the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after purchasing an additional 859,062 shares during the period. Capital World Investors boosted its position in Ingersoll Rand by 19.2% during the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. Capital Research Global Investors grew its holdings in Ingersoll Rand by 14.3% during the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after purchasing an additional 2,406,183 shares during the last quarter. Finally, State Street Corp raised its position in shares of Ingersoll Rand by 1.5% in the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after purchasing an additional 239,779 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $82.00 on Thursday. The firm has a market capitalization of $32.11 billion, a PE ratio of 56.55, a PEG ratio of 5.19 and a beta of 1.29. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The business’s 50 day moving average is $90.34 and its 200-day moving average is $83.24.

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

Ingersoll Rand Announces Dividend

The firm 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 dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Wall Street Analysts Forecast Growth

IR has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective 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. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Wells Fargo & Company boosted their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Barclays upped their price target on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $115.00 price objective on Ingersoll Rand 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 stock. According to MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and an average price target of $101.86.

Insider Transactions at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 18,246 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 16,200 shares in the company, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael J. Scheske sold 19,122 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. This represents a 61.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 584,771 shares of company stock worth $54,976,547. 0.59% of the stock is owned by company insiders.

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.