Ingersoll Rand Inc. $IR Stake Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,942,711 shares of the industrial products company’s stock after purchasing an additional 28,787 shares during the quarter. Fisher Asset Management LLC’s holdings in Ingersoll Rand were worth $573,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Ingersoll Rand during the 2nd quarter worth $397,501,000. APG Asset Management N.V. boosted its holdings in shares of Ingersoll Rand by 134.6% during the third quarter. APG Asset Management N.V. now owns 2,433,972 shares of the industrial products company’s stock valued at $201,095,000 after acquiring an additional 1,396,421 shares during the period. Swedbank AB grew its position in shares of Ingersoll Rand by 141.1% during the third quarter. Swedbank AB now owns 2,249,353 shares of the industrial products company’s stock worth $185,842,000 after acquiring an additional 1,316,375 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in shares of Ingersoll Rand during the second quarter worth about $81,628,000. Finally, Vanguard Group Inc. increased its holdings in shares of Ingersoll Rand by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock worth $3,920,151,000 after acquiring an additional 859,062 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $93.97 on Monday. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $100.96. The firm has a market cap of $36.80 billion, a P/E ratio of 64.81, a PEG ratio of 5.83 and a beta of 1.29. The stock has a fifty day moving average price of $88.89 and a two-hundred day moving average price of $82.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06.

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

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.52%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus upped 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. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Robert W. Baird set a $115.00 price target on Ingersoll Rand in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $101.86.

Insider Buying and Selling

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the transaction, the chief financial officer owned 98,517 shares in the company, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction on 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 466,727 shares of company stock worth $43,867,426. 0.68% of the stock is owned by 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.