Waycross Partners LLC Boosts Holdings in Ingersoll Rand Inc. $IR

Waycross Partners LLC increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 353,990 shares of the industrial products company’s stock after purchasing an additional 12,439 shares during the period. Ingersoll Rand makes up about 2.3% of Waycross Partners LLC’s holdings, making the stock its 20th biggest holding. Waycross Partners LLC owned approximately 0.09% of Ingersoll Rand worth $28,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its position in Ingersoll Rand by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after buying an additional 130 shares during the period. Whittier Trust Co. increased its holdings in shares of Ingersoll Rand by 8.5% in the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after buying an additional 131 shares during the period. Golden State Equity Partners lifted its stake in shares of Ingersoll Rand by 5.1% in the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock valued at $265,000 after acquiring an additional 155 shares during the last quarter. Compound Planning Inc. boosted its holdings in Ingersoll Rand by 6.0% during the 3rd quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 157 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its holdings in Ingersoll Rand by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 159 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Price Performance

Shares of IR stock opened at $79.45 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. Ingersoll Rand Inc. has a fifty-two week low of $65.61 and a fifty-two week high of $100.96. The firm has a market cap of $31.11 billion, a P/E ratio of 54.79, a P/E/G ratio of 5.01 and a beta of 1.29. The business’s 50 day moving average price is $89.74 and its 200-day moving average price is $83.34.

Ingersoll Rand (NYSE:IR) last announced 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 company had revenue of $2.09 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th were 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 was Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Insider Activity

In related news, Director John Humphrey sold 4,300 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $95.90, for a total transaction of $412,370.00. Following the transaction, the director owned 23,983 shares in the company, valued at $2,299,969.70. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the 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 completion of the transaction, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 584,771 shares of company stock worth $54,976,547. 0.59% of the stock is owned by company insiders.

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.