Ingersoll Rand Inc. $IR Shares Acquired by NZS Capital LLC

NZS Capital LLC lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 94.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 893,381 shares of the industrial products company’s stock after buying an additional 432,869 shares during the period. Ingersoll Rand accounts for approximately 2.3% of NZS Capital LLC’s holdings, making the stock its 15th biggest position. NZS Capital LLC owned 0.23% of Ingersoll Rand worth $73,811,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. NewSquare Capital LLC boosted its stake in Ingersoll Rand by 150.7% in the second quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares during the period. Heartwood Wealth Advisors LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. boosted its position in Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its stake in Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after buying an additional 173 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays raised their target price on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a report on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $101.86.

Ingersoll Rand Stock Performance

IR stock opened at $91.51 on Wednesday. The company has a 50-day simple moving average of $89.35 and a 200 day simple moving average of $82.81. The company has a market capitalization of $35.84 billion, a P/E ratio of 63.11, a PEG ratio of 5.80 and a beta of 1.29. 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 fifty-two week low of $65.61 and a fifty-two week high of $100.96.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. Ingersoll Rand’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is 5.52%.

Insider Activity

In other news, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the sale, the chief financial officer owned 98,517 shares in the company, valued at $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael J. Scheske sold 19,122 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the transaction, the chief accounting officer directly owned 12,153 shares in the company, valued at approximately $1,186,983.51. The trade was a 61.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 466,727 shares of company stock worth $43,867,426 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

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.