Causeway Capital Management LLC Buys 293,455 Shares of Ingersoll Rand Inc. $IR

Causeway Capital Management LLC increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 111.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 556,229 shares of the industrial products company’s stock after acquiring an additional 293,455 shares during the period. Causeway Capital Management LLC owned 0.14% of Ingersoll Rand worth $45,956,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand during the third quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Westside Investment Management Inc. lifted its stake in shares of Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of 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 period. Finally, Hantz Financial Services Inc. grew its stake in Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after buying an additional 301 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Performance

IR opened at $86.68 on Tuesday. The stock’s 50 day simple moving average is $89.96 and its 200-day simple moving average is $83.10. 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 $33.95 billion, a PE ratio of 59.78, a P/E/G ratio of 5.34 and a beta of 1.29. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (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 analyst estimates of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm 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 $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is 5.52%.

Insider Activity

In other Ingersoll Rand news, 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 transaction of $1,193,520.00. Following the sale, the insider directly owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total value of $1,771,869.06. Following the completion of the sale, the insider owned 16,200 shares in the company, valued at approximately $1,573,182. This represents a 52.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 584,771 shares of company stock valued at $54,976,547. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IR. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Barclays raised their price target on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Citigroup boosted their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their target price on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $101.86.

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.