CIBC Private Wealth Group LLC Lowers Holdings in Ingersoll Rand Inc. $IR

CIBC Private Wealth Group LLC decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,517 shares of the industrial products company’s stock after selling 6,566 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.07% of Ingersoll Rand worth $22,350,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IR. Heartwood Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the third quarter valued at about $36,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. boosted its position in shares of Ingersoll Rand by 100.0% during the 3rd 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 period. ANTIPODES PARTNERS Ltd increased its holdings in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Ingersoll Rand by 106.4% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.0%

Shares of NYSE IR opened at $82.01 on Friday. The business has a 50-day moving average of $90.29 and a two-hundred day moving average of $83.23. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 56.56, a price-to-earnings-growth ratio of 5.07 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 debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business 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 business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 118,044 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $94.11, for a total value of $11,109,120.84. Following the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at $19,719,244.74. This trade represents a 36.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand 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 sale, the chief financial officer owned 98,517 shares in the company, valued at $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 584,771 shares of company stock valued at $54,976,547 in the last quarter. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on IR shares. Stifel Nicolaus upped their price target on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. 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. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.