Ingersoll Rand Inc. $IR Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,942,711 shares of the industrial products company’s stock after buying an additional 28,787 shares during the quarter. Fisher Asset Management LLC owned approximately 1.76% of Ingersoll Rand worth $573,607,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its holdings in Ingersoll Rand by 150.7% during 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 in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. raised 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 last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its stake 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 buying an additional 173 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 0.6%

NYSE IR opened at $93.97 on Monday. The company has a market cap of $36.80 billion, a P/E ratio of 64.81, a P/E/G ratio of 5.83 and a beta of 1.29. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month 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. The company has a 50-day moving average of $88.89 and a 200-day moving average of $82.63.

Ingersoll Rand (NYSE:IR) last released its 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 firm 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%. Ingersoll Rand’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,186,983.51. This represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vicente Reynal sold 191,000 shares of Ingersoll Rand stock in a transaction 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 sale, the insider directly owned 193,186 shares in the company, valued at $17,023,550.32. This trade represents a 49.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 466,727 shares of company stock valued at $43,867,426. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IR has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Citigroup boosted their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.