Ingersoll Rand Inc. $IR Shares Purchased by DNB Asset Management AS

DNB Asset Management AS raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 42.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,427 shares of the industrial products company’s stock after purchasing an additional 47,244 shares during the quarter. DNB Asset Management AS’s holdings in Ingersoll Rand were worth $13,089,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. NewSquare Capital LLC increased its position in Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares during the period. Heartwood Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter valued at approximately $36,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Westside Investment Management Inc. raised its stake in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 232 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research report on Tuesday, February 17th. Finally, Barclays increased their target price on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Trading Down 0.6%

Shares of IR opened at $93.97 on Friday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month 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 firm has a market capitalization of $36.80 billion, a P/E ratio of 64.81, a PEG ratio of 5.83 and a beta of 1.32. The firm’s 50-day moving average is $88.89 and its two-hundred day moving average is $82.61.

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, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, research analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.52%.

Insiders Place Their Bets

In other news, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand stock in a transaction 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 completion of the transaction, the insider owned 3,528 shares of the company’s stock, valued at $350,894.88. The trade was a 77.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 16,200 shares in the company, valued at $1,573,182. This represents a 52.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 468,204 shares of company stock valued at $43,986,517. Company insiders own 0.59% of the company’s stock.

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.