Swiss Life Asset Management Ltd Boosts Stock Position in Ingersoll Rand Inc. $IR

Swiss Life Asset Management Ltd boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 29.5% in the third quarter, HoldingsChannel.com reports. The fund owned 89,431 shares of the industrial products company’s stock after purchasing an additional 20,381 shares during the period. Swiss Life Asset Management Ltd’s holdings in Ingersoll Rand were worth $7,389,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IR. Capital International Investors lifted its position in shares of Ingersoll Rand by 18.5% during the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock worth $4,131,157,000 after purchasing an additional 7,816,194 shares in the last quarter. Capital World Investors grew its holdings in shares of Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after purchasing an additional 2,406,183 shares in the last quarter. State Street Corp increased its stake in Ingersoll Rand by 1.5% during 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 during the period. Finally, Franklin Resources Inc. lifted its holdings in Ingersoll Rand by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock worth $1,190,096,000 after buying an additional 1,106,989 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $81.36 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $100.96. The firm’s 50 day moving average is $90.21 and its two-hundred day moving average is $83.28. The firm has a market capitalization of $31.86 billion, a P/E ratio of 56.11, a P/E/G ratio of 5.03 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 for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued 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%.

Analysts Set New Price Targets

Several research firms have commented on IR. Stifel Nicolaus boosted their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Citigroup increased 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 reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Wall Street Zen upgraded Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.86.

Insider Buying and Selling at Ingersoll Rand

In related news, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the transaction, the director owned 23,983 shares in the company, valued at $2,299,969.70. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand 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 transaction, the insider directly owned 3,528 shares in the company, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is owned by insiders.

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.