National Pension Service Has $50.41 Million Stake in Ingersoll Rand Inc. $IR

National Pension Service boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 636,270 shares of the industrial products company’s stock after buying an additional 18,289 shares during the period. National Pension Service’s holdings in Ingersoll Rand were worth $50,405,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Ingersoll Rand by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after buying an additional 200,689 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Ingersoll Rand in the 3rd quarter valued at $1,533,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Ingersoll Rand by 79.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 12,539 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its stake in Ingersoll Rand by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock valued at $12,778,000 after buying an additional 12,500 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in Ingersoll Rand by 29.5% in the third quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock worth $7,389,000 after purchasing an additional 20,381 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Ratings Changes

IR has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Finally, Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.38.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares in the company, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.

Ingersoll Rand Trading Up 1.0%

IR stock opened at $71.68 on Friday. The company has a market cap of $28.05 billion, a P/E ratio of 48.43, a PEG ratio of 4.53 and a beta of 1.25. Ingersoll Rand Inc. has a twelve month low of $68.07 and a twelve month high of $100.96. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $78.65 and a 200-day moving average of $82.92.

Ingersoll Rand (NYSE:IR) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.41%.

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.