56,684 Shares in Ingersoll Rand Inc. $IR Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,684 shares of the industrial products company’s stock, valued at approximately $4,258,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IR. Chicago Partners Investment Group LLC grew its holdings in shares of Ingersoll Rand by 6.4% in the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 160 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Ingersoll Rand by 5.0% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 3,647 shares of the industrial products company’s stock valued at $292,000 after buying an additional 174 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Ingersoll Rand by 6.7% during the 1st quarter. Personal CFO Solutions LLC now owns 2,818 shares of the industrial products company’s stock valued at $226,000 after buying an additional 176 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Ingersoll Rand by 1.9% during the 1st quarter. V Square Quantitative Management LLC now owns 11,145 shares of the industrial products company’s stock valued at $893,000 after buying an additional 213 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Ingersoll Rand by 3.1% during the 1st quarter. Private Advisor Group LLC now owns 7,607 shares of the industrial products company’s stock valued at $610,000 after buying an additional 226 shares during the period. 95.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Aurobind Satpathy acquired 11,538 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares in the company, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IR. Stifel Nicolaus set a $93.00 price target on Ingersoll Rand in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday. Robert W. Baird increased their price objective on Ingersoll Rand from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of Ingersoll Rand in a research report on Monday, October 12th. Finally, Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Ingersoll Rand Price Performance

NYSE IR opened at $73.96 on Friday. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The stock has a 50-day moving average of $76.79 and a 200 day moving average of $78.40. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.62.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ingersoll Rand had a return on equity of 12.90% and a net margin of 12.08%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.41 EPS for the current year.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.