Delta Global Management LP Has $1.14 Million Stake in Ingersoll Rand Inc. $IR

Delta Global Management LP reduced its stake in Ingersoll Rand Inc. (NYSE:IR) by 55.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,800 shares of the industrial products company’s stock after selling 17,302 shares during the quarter. Delta Global Management LP’s holdings in Ingersoll Rand were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. raised its holdings in Ingersoll Rand by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 130 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Ingersoll Rand by 8.5% during the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 131 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Ingersoll Rand by 5.5% in the second quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 151 shares during the period. Golden State Equity Partners increased its position in shares of Ingersoll Rand by 5.1% in the third quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 155 shares during the period. Finally, Compound Planning Inc. raised its stake in Ingersoll Rand by 6.0% in the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $83.85 on Tuesday. The stock’s 50-day moving average is $90.32 and its 200-day moving average is $83.21. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year 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 stock has a market cap of $32.84 billion, a P/E ratio of 57.82, a price-to-earnings-growth ratio of 5.07 and a beta of 1.29.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wall Street Zen raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus raised their target price on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.86.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. This trade represents a 61.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the sale, the insider owned 3,528 shares in the company, valued at $350,894.88. This trade represents a 77.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 584,771 shares of company stock valued at $54,976,547 in the last quarter. Insiders own 0.59% of the company’s stock.

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.