Capital Research Global Investors Has $1.59 Billion Stock Position in Ingersoll Rand Inc. $IR

Capital Research Global Investors raised its position in Ingersoll Rand Inc. (NYSE:IR) by 14.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,254,676 shares of the industrial products company’s stock after purchasing an additional 2,406,183 shares during the period. Capital Research Global Investors’ holdings in Ingersoll Rand were worth $1,590,818,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter worth approximately $36,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth approximately $36,000. Westside Investment Management Inc. raised its holdings in Ingersoll Rand by 100.0% during 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 raised its holdings in shares of Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Ingersoll Rand by 106.4% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Citigroup lifted their price objective on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Barclays raised their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.86.

Insider Transactions at Ingersoll Rand

In other news, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the transaction, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vicente Reynal sold 118,044 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $94.11, for a total transaction of $11,109,120.84. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at $19,719,244.74. The trade was a 36.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 584,771 shares of company stock valued at $54,976,547. 0.68% of the stock is owned by insiders.

Ingersoll Rand Stock Up 0.3%

NYSE:IR opened at $86.68 on Tuesday. The company has a market capitalization of $33.95 billion, a PE ratio of 59.78, a P/E/G ratio of 5.34 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 Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The firm’s 50-day moving average price is $89.96 and its 200-day moving average price is $83.10.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $2.09 billion for 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%. Ingersoll Rand’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.02 per share. 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 (DPR) is presently 5.52%.

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.