Waycross Partners LLC Purchases 12,439 Shares of Ingersoll Rand Inc. $IR

Waycross Partners LLC raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,990 shares of the industrial products company’s stock after buying an additional 12,439 shares during the quarter. Ingersoll Rand comprises approximately 2.3% of Waycross Partners LLC’s portfolio, making the stock its 20th biggest position. Waycross Partners LLC’s holdings in Ingersoll Rand were worth $28,043,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. boosted its stake in Ingersoll Rand by 11.3% during the fourth quarter. Mather Group LLC. now owns 2,552 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 260 shares in the last quarter. Czech National Bank increased its stake in shares of Ingersoll Rand by 3.2% during the fourth quarter. Czech National Bank now owns 94,808 shares of the industrial products company’s stock valued at $7,511,000 after purchasing an additional 2,948 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Ingersoll Rand by 2.7% during the fourth quarter. DAVENPORT & Co LLC now owns 15,614 shares of the industrial products company’s stock valued at $1,237,000 after purchasing an additional 408 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Ingersoll Rand by 1,088.4% during the fourth quarter. SG Americas Securities LLC now owns 251,242 shares of the industrial products company’s stock valued at $19,903,000 after purchasing an additional 230,101 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Ingersoll Rand by 6.3% in the 4th quarter. Wedmont Private Capital now owns 6,425 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Barclays boosted 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. Stifel Nicolaus raised their price target on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Citigroup upped their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Trading Down 2.4%

Ingersoll Rand stock opened at $79.45 on Friday. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $100.96. The business’s fifty day moving average is $89.74 and its 200 day moving average is $83.34. The stock has a market capitalization of $31.11 billion, a PE ratio of 54.79, a price-to-earnings-growth ratio of 5.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

Ingersoll Rand (NYSE:IR) last issued its 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. The business had revenue of $2.09 billion during 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%.Ingersoll Rand’s revenue was up 10.1% on a year-over-year basis. 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. On average, sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 4th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio is 5.52%.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the completion of the sale, the insider directly owned 16,200 shares in the company, valued at approximately $1,573,182. The trade was a 52.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were 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 $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 584,771 shares of company stock valued at $54,976,547 over the last quarter. 0.59% of the stock is owned by company insiders.

Ingersoll Rand Company 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.