Ingersoll Rand Inc. $IR Stock: TD Waterhouse Canada Inc. Decreases Position

TD Waterhouse Canada Inc. trimmed its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 69.6% in the third quarter, Holdings Channel.com reports. The firm owned 22,915 shares of the industrial products company’s stock after selling 52,515 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ingersoll Rand were worth $1,723,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its stake in Ingersoll Rand by 6.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after buying an additional 160 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in Ingersoll Rand by 5.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 3,647 shares of the industrial products company’s stock worth $292,000 after buying an additional 174 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in Ingersoll Rand by 6.7% in the 1st quarter. Personal CFO Solutions LLC now owns 2,818 shares of the industrial products company’s stock worth $226,000 after buying an additional 176 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Ingersoll Rand by 1.9% in 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% in 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 last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Up 0.7%

Shares of NYSE:IR opened at $79.11 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $76.99 and a 200 day simple moving average of $78.43. The firm has a market cap of $30.70 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 3.26 and a beta of 1.15. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96.

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

Insiders Place Their Bets

In related news, Director Aurobind Satpathy bought 11,538 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $86.68 per share, with a total value of $1,000,113.84. Following the transaction, the director owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IR has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Ingersoll Rand in a research report on Monday, October 12th. Stifel Nicolaus set a $93.00 price target on Ingersoll Rand in a research note on Monday. Morgan Stanley set a $87.00 price target on Ingersoll Rand in a report on Monday, August 10th. Finally, Robert W. Baird increased their price target on Ingersoll Rand from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

About Ingersoll Rand

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.