Mitsubishi UFJ Asset Management Co. Ltd. Reduces Stock Position in Ingersoll Rand Inc. $IR

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 750,375 shares of the industrial products company’s stock after selling 31,089 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $61,996,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB boosted its holdings in shares of Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after buying an additional 220,815 shares during the period. National Pension Service grew its stake in shares of Ingersoll Rand by 2.7% in the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after purchasing an additional 16,084 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Ingersoll Rand during the 2nd quarter valued at about $8,375,000. Fisher Asset Management LLC increased its stake in shares of Ingersoll Rand by 0.6% during the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after acquiring an additional 38,999 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Ingersoll Rand by 79.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after purchasing an additional 12,539 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand stock in a transaction dated 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 of the company’s stock, valued at $9,506,890.50. The trade was a 22.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vicente Reynal sold 191,000 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the completion of the sale, the insider directly owned 193,186 shares of the company’s stock, valued at $17,023,550.32. This trade represents a 49.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 468,204 shares of company stock valued at $43,986,517 in the last ninety days. Company insiders own 0.59% of the company’s stock.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $93.97 on Friday. The firm’s 50 day simple moving average is $88.89 and its 200-day simple moving average is $82.58. The company has a market cap of $36.80 billion, a P/E ratio of 64.81, a price-to-earnings-growth ratio of 5.85 and a beta of 1.32. 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 Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its quarterly 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 net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’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, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

IR has been the topic of several research reports. Wells Fargo & Company boosted their price target 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. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Stifel Nicolaus increased their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.