Ingersoll Rand Inc. $IR Shares Purchased by Capital International Ltd. CA

Capital International Ltd. CA lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 43.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,251 shares of the industrial products company’s stock after purchasing an additional 65,236 shares during the quarter. Capital International Ltd. CA’s holdings in Ingersoll Rand were worth $17,701,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Capital International Investors increased its position in shares of Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after buying an additional 7,816,194 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ingersoll Rand by 1.9% during the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock valued at $3,920,151,000 after acquiring an additional 859,062 shares during the last quarter. State Street Corp raised its stake in Ingersoll Rand by 1.5% in the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after purchasing an additional 239,779 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ingersoll Rand by 4.5% during the 2nd quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock worth $1,106,083,000 after purchasing an additional 574,437 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Ingersoll Rand by 2.1% in the second quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock valued at $844,028,000 after buying an additional 211,316 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 191,000 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the sale, the insider owned 193,186 shares in the company, valued at $17,023,550.32. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 584,771 shares of company stock worth $54,976,547. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $86.68 on Tuesday. The firm has a market cap of $33.95 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 5.34 and a beta of 1.29. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $89.96 and a two-hundred day moving average price of $83.10. 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 posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $2.09 billion during 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 company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side 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. Stockholders of record on Wednesday, March 4th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Analyst Upgrades and Downgrades

Several analysts have commented on IR shares. Stifel Nicolaus lifted their target price on shares of 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 research report on Monday, December 29th. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday, February 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and an average target price of $101.86.

Ingersoll Rand 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.