Nordea Investment Management AB Purchases 200,689 Shares of Ingersoll Rand Inc. $IR

Nordea Investment Management AB boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,219,327 shares of the industrial products company’s stock after buying an additional 200,689 shares during the period. Nordea Investment Management AB owned approximately 0.56% of Ingersoll Rand worth $177,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC acquired a new position in Ingersoll Rand during the third quarter valued at approximately $36,000. Westside Investment Management Inc. raised its position in Ingersoll Rand by 100.0% during the third 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. ANTIPODES PARTNERS Ltd lifted its stake in Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Ingersoll Rand by 106.4% during the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 301 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IR. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a research note on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Wall Street Zen raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Citigroup lifted their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.86.

Ingersoll Rand Trading Down 1.0%

NYSE IR opened at $81.36 on Monday. The company has a market cap of $31.86 billion, a price-to-earnings ratio of 56.11, a price-to-earnings-growth ratio of 5.03 and a beta of 1.29. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $90.21 and its 200 day moving average is $83.32.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating 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 the consensus estimate of $2.04 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 19,122 shares of Ingersoll Rand stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 12,153 shares in the company, valued at $1,186,983.51. This trade represents a 61.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the sale, the insider directly owned 16,200 shares in the company, valued at $1,573,182. The trade was a 52.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 584,771 shares of company stock worth $54,976,547 over the last quarter. 0.59% of the stock is currently owned by corporate insiders.

Ingersoll Rand 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.