Capital Group Investment Management PTE. LTD. Purchases 14,588 Shares of Ingersoll Rand Inc. $IR

Capital Group Investment Management PTE. LTD. grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 46.0% in the third quarter, Holdings Channel.com reports. The firm owned 46,285 shares of the industrial products company’s stock after buying an additional 14,588 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Ingersoll Rand were worth $3,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of IR. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Heartwood Wealth Advisors LLC bought a new position in Ingersoll Rand in the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. grew its stake in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after buying an additional 232 shares in the last quarter. ANTIPODES PARTNERS Ltd grew 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. Finally, Hantz Financial Services Inc. raised its holdings in Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of several recent research reports. Citigroup increased their target price on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.86.

Insider Activity

In related news, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the transaction, the insider directly owned 3,528 shares in the company, valued at approximately $350,894.88. This represents a 77.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were 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 directly 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Up 0.3%

IR opened at $86.68 on Tuesday. The firm has a market capitalization of $33.95 billion, a P/E ratio of 59.78, a price-to-earnings-growth ratio of 5.34 and a beta of 1.29. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $100.96. The company has a fifty day moving average price of $89.96 and a 200-day moving average price of $83.10. 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 issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company 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 firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared 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 dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

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.