Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 18,652 Ingersoll Rand Inc. $IR

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, Holdings Channel.com reports. The fund bought 18,652 shares of the industrial products company’s stock, valued at approximately $1,478,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its position in Ingersoll Rand by 18.5% during the 3rd quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after purchasing an additional 7,816,194 shares during the period. Capital World Investors increased its position in Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares during the period. Capital Research Global Investors increased its position in Ingersoll Rand by 14.3% during the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after purchasing an additional 2,406,183 shares during the period. Franklin Resources Inc. increased its position in Ingersoll Rand by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after purchasing an additional 1,106,989 shares during the period. Finally, Fisher Asset Management LLC increased its position in Ingersoll Rand by 0.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock valued at $573,607,000 after purchasing an additional 28,787 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the sale, the insider owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $70.31 on Friday. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 4.45 and a beta of 1.25. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week 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 firm has a 50 day moving average of $80.06 and a 200-day moving average of $83.22.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. 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 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Analyst Ratings Changes

A number of research firms have weighed in on IR. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Barclays reduced their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Hold” and an average target price of $93.38.

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.