NEOS Investment Management LLC Raises Holdings in Ingersoll Rand Inc. $IR

NEOS Investment Management LLC lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 17.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,519 shares of the industrial products company’s stock after purchasing an additional 19,592 shares during the period. NEOS Investment Management LLC’s holdings in Ingersoll Rand were worth $10,949,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IR. Vontobel Holding Ltd. lifted its stake in Ingersoll Rand by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after buying an additional 130 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Ingersoll Rand by 8.5% in the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 131 shares during the period. Parkside Financial Bank & Trust raised its position in Ingersoll Rand by 14.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the last quarter. AE Wealth Management LLC raised its position in Ingersoll Rand by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 151 shares during the last quarter. Finally, Golden State Equity Partners grew its position in Ingersoll Rand by 5.1% during the 3rd 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 last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Trading Up 0.3%

Shares of Ingersoll Rand stock opened at $98.79 on Wednesday. The company has a 50-day moving average of $86.59 and a two-hundred day moving average of $81.65. 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 stock has a market cap of $39.03 billion, a PE ratio of 68.13, a price-to-earnings-growth ratio of 6.12 and a beta of 1.32.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The company’s revenue 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, research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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 paid a dividend of $0.02 per share. 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 5.52%.

Insider Activity

In other news, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $80.63, for a total transaction of $119,090.51. Following the completion of the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $979,896.39. This trade represents a 10.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vicente Reynal sold 440 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $100.00, for a total value of $44,000.00. Following the completion of the sale, the insider directly owned 229,668 shares in the company, valued at approximately $22,966,800. The trade was a 0.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 292,917 shares of company stock worth $26,747,912 over the last quarter. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Citigroup upped their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Robert W. Baird set a $115.00 price target on Ingersoll Rand in a report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.50.

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.