Banco Santander S.A. Grows Stock Position in Ingersoll Rand Inc. $IR

Banco Santander S.A. boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 537.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,874 shares of the industrial products company’s stock after buying an additional 161,790 shares during the quarter. Banco Santander S.A.’s holdings in Ingersoll Rand were worth $15,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. NewSquare Capital LLC lifted its holdings in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in Ingersoll Rand in the 3rd quarter worth about $36,000. Grey Fox Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter worth about $36,000. Westside Investment Management Inc. boosted its position in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after buying an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its stake in shares of Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were 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 $1,186,983.51. This represents a 61.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 468,204 shares of company stock valued at $43,986,517. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IR. Wells Fargo & Company raised their price target on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Stifel Nicolaus raised their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Finally, Barclays boosted their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Trading Up 1.6%

Shares of NYSE IR opened at $94.53 on Friday. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The business has a fifty day moving average price of $88.60 and a 200 day moving average price of $82.46. The stock has a market capitalization of $37.02 billion, a P/E ratio of 65.19, a price-to-earnings-growth ratio of 5.76 and a beta of 1.32. 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 announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS 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 the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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 paid a $0.02 dividend. 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 5.52%.

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.