TD Asset Management Inc Sells 119,302 Shares of Ingersoll Rand Inc. $IR

TD Asset Management Inc decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 13.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 797,550 shares of the industrial products company’s stock after selling 119,302 shares during the quarter. TD Asset Management Inc owned 0.20% of Ingersoll Rand worth $65,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IR. Nordea Investment Management AB lifted its position in shares of Ingersoll Rand by 12.3% during the third quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock worth $165,811,000 after purchasing an additional 220,815 shares during the last quarter. National Pension Service increased its stake in Ingersoll Rand by 2.7% in the 3rd quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after buying an additional 16,084 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Ingersoll Rand in the 2nd quarter worth about $8,375,000. Fisher Asset Management LLC lifted its holdings in Ingersoll Rand by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after buying an additional 38,999 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Ingersoll Rand by 79.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 12,539 shares during the period. 95.27% of the stock is owned by institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the sale, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 12,153 shares in the company, valued at approximately $1,186,983.51. The trade was a 61.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 468,204 shares of company stock worth $43,986,517. 0.59% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Up 1.6%

Ingersoll Rand stock opened at $94.53 on Friday. 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 firm has a market cap of $37.02 billion, a P/E ratio of 65.19, a P/E/G ratio of 5.76 and a beta of 1.32. The business has a fifty day moving average of $88.60 and a two-hundred day moving average of $82.46. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

IR has been the topic of a number of research reports. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Wells Fargo & Company increased their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Barclays raised their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and a consensus 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.