TD Asset Management Inc Decreases Stock Position in Ingersoll Rand Inc. $IR

TD Asset Management Inc lessened its holdings in Ingersoll Rand Inc. (NYSE:IR) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 797,550 shares of the industrial products company’s stock after selling 119,302 shares during the period. TD Asset Management Inc’s holdings in Ingersoll Rand were worth $65,894,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mufg Securities Americas Inc. boosted its stake in Ingersoll Rand by 9.1% in the 3rd quarter. Mufg Securities Americas Inc. now owns 9,753 shares of the industrial products company’s stock worth $806,000 after purchasing an additional 812 shares in the last quarter. Compound Planning Inc. increased its stake in Ingersoll Rand by 6.0% during the 3rd 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. Equitable Trust Co. purchased a new position in shares of Ingersoll Rand in the third quarter worth $3,617,000. Bleakley Financial Group LLC lifted its stake in shares of Ingersoll Rand by 2.1% during the third quarter. Bleakley Financial Group LLC now owns 22,699 shares of the industrial products company’s stock worth $1,875,000 after buying an additional 466 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Ingersoll Rand by 8.9% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 132,345 shares of the industrial products company’s stock worth $10,934,000 after buying an additional 10,855 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a research note on Tuesday, February 17th. Barclays lifted their target price on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Four 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 company presently has a consensus rating of “Hold” and a consensus price target of $101.86.

Insider Buying and Selling

In other news, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. This trade represents a 22.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vicente Reynal sold 191,000 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the completion of the transaction, the insider directly owned 193,186 shares of the company’s stock, valued at $17,023,550.32. The trade was a 49.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 468,204 shares of company stock valued at $43,986,517 in the last ninety days. Company insiders own 0.59% of the company’s stock.

Ingersoll Rand Stock Up 1.6%

Ingersoll Rand stock opened at $94.53 on Friday. The business’s 50-day moving average price is $88.60 and its 200 day moving average price is $82.46. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm has a market cap of $37.02 billion, a price-to-earnings ratio of 65.19, a price-to-earnings-growth ratio of 5.76 and a beta of 1.32. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data 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. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

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.