Natixis Advisors LLC Buys 596,944 Shares of Ingersoll Rand Inc. $IR

Natixis Advisors LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 317.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 785,221 shares of the industrial products company’s stock after acquiring an additional 596,944 shares during the quarter. Natixis Advisors LLC’s holdings in Ingersoll Rand were worth $62,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IR. Torren Management LLC bought a new position in Ingersoll Rand during the fourth quarter worth about $32,000. Salomon & Ludwin LLC grew its stake in Ingersoll Rand by 166.9% in the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 267 shares during the period. Westside Investment Management Inc. grew its stake in Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 232 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Ingersoll Rand by 106.4% in the third 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. Institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IR. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Wells Fargo & Company decreased their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Stifel Nicolaus decreased their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.38.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $71.62 on Wednesday. The firm has a market cap of $28.03 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 4.48 and a beta of 1.19. The stock’s 50-day moving average is $78.44 and its 200-day moving average is $82.92. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued 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 Thursday, May 14th. Ingersoll Rand’s payout ratio is 5.41%.

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.