Capital Research Global Investors Boosts Holdings in Ingersoll Rand Inc. $IR

Capital Research Global Investors raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,254,676 shares of the industrial products company’s stock after acquiring an additional 2,406,183 shares during the period. Capital Research Global Investors owned 4.87% of Ingersoll Rand worth $1,590,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IR. Capital International Investors grew its stake 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 holdings 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 period. Capital World Investors grew its position in Ingersoll Rand by 19.2% in the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock worth $2,626,296,000 after purchasing an additional 5,110,668 shares during the last quarter. State Street Corp grew its holdings 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 worth $1,373,694,000 after buying an additional 239,779 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Ingersoll Rand by 4.5% in the second 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 period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Activity

In other Ingersoll Rand news, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the transaction, the insider owned 3,528 shares of the company’s stock, valued at $350,894.88. The trade was a 77.28% 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, insider Vicente Reynal sold 191,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was 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 of the company’s stock, valued at approximately $17,023,550.32. This represents a 49.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 584,771 shares of company stock worth $54,976,547. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on IR. Wells Fargo & Company upped their target price on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Barclays raised their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Citigroup boosted their price target on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the company. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $86.68 on Tuesday. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $33.95 billion, a PE ratio of 59.78, a PEG ratio of 5.34 and a beta of 1.29. The stock’s fifty day simple moving average is $89.96 and its 200 day simple moving average is $83.10.

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

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors 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 yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Ingersoll Rand Company 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.