Legal & General Group Plc Increases Stock Position in Ingersoll Rand Inc. $IR

Legal & General Group Plc lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,259,074 shares of the industrial products company’s stock after purchasing an additional 9,431 shares during the period. Legal & General Group Plc owned 0.57% of Ingersoll Rand worth $186,645,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in Ingersoll Rand by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after buying an additional 130 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Ingersoll Rand by 8.5% during the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after buying an additional 131 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Ingersoll Rand by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after buying an additional 151 shares during the last quarter. Golden State Equity Partners grew its holdings in shares of Ingersoll Rand by 5.1% in the third quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock valued at $265,000 after acquiring an additional 155 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of Ingersoll Rand by 6.0% in the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 157 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup lifted their price target on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Barclays upped their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their target price on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research note on Tuesday, February 17th. Finally, Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.86.

Ingersoll Rand Trading Down 4.6%

Shares of IR opened at $81.27 on Friday. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $100.96. The stock has a market cap of $31.82 billion, a PE ratio of 56.04, a P/E/G ratio of 5.26 and a beta of 1.29. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $90.24 and its 200-day moving average price is $83.14.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates 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 was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be issued a $0.02 dividend. 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%.

Insider Activity

In related news, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction on Tuesday, February 17th. The stock was 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 owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total value of $1,193,520.00. Following the transaction, the insider owned 3,528 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.59% of the company’s stock.

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.