Capital International Inc. CA Grows Stock Holdings in Ingersoll Rand Inc. $IR

Capital International Inc. CA lifted its position in Ingersoll Rand Inc. (NYSE:IR) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 705,616 shares of the industrial products company’s stock after buying an additional 124,965 shares during the quarter. Capital International Inc. CA owned approximately 0.18% of Ingersoll Rand worth $58,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of Ingersoll Rand by 12.3% in the third quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after purchasing an additional 220,815 shares during the period. National Pension Service increased its stake in Ingersoll Rand by 2.7% during 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 acquired a new stake in Ingersoll Rand during the 2nd quarter worth approximately $8,375,000. Fisher Asset Management LLC boosted its position in Ingersoll Rand by 0.6% in 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 during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Ingersoll Rand by 79.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock worth $2,347,000 after acquiring an additional 12,539 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 0.3%

Shares of Ingersoll Rand stock opened at $86.68 on Tuesday. 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 fifty day simple moving average of $89.96 and a 200-day simple moving average of $83.10. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 59.78, a PEG ratio of 5.34 and a beta of 1.29. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96.

Ingersoll Rand (NYSE:IR) last announced 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 net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business earned $0.84 EPS. Ingersoll Rand’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, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s payout ratio is presently 5.52%.

Wall Street Analyst Weigh In

IR has been the subject of several analyst reports. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Citigroup boosted their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $101.86.

Insider Transactions at Ingersoll Rand

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 value of $1,193,520.00. Following the completion of the sale, the insider owned 3,528 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares in the company, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 584,771 shares of company stock worth $54,976,547. Insiders own 0.68% of the company’s stock.

About Ingersoll Rand

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.