Zions Bancorporation National Association UT Has $812,000 Stake in Ingersoll Rand Inc. $IR

Zions Bancorporation National Association UT grew its position in Ingersoll Rand Inc. (NYSE:IR) by 652.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,829 shares of the industrial products company’s stock after acquiring an additional 8,522 shares during the period. Zions Bancorporation National Association UT’s holdings in Ingersoll Rand were worth $812,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its holdings in Ingersoll Rand by 3.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 137,629 shares of the industrial products company’s stock valued at $11,371,000 after purchasing an additional 4,764 shares in the last quarter. Aberdeen Group plc grew its holdings in shares of Ingersoll Rand by 0.6% during the third quarter. Aberdeen Group plc now owns 469,848 shares of the industrial products company’s stock worth $38,563,000 after purchasing an additional 2,713 shares during the last quarter. Assetmark Inc. increased its stake in shares of Ingersoll Rand by 7.8% in the third quarter. Assetmark Inc. now owns 177,879 shares of the industrial products company’s stock valued at $14,696,000 after buying an additional 12,891 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Ingersoll Rand by 6.7% in the third quarter. Wedbush Securities Inc. now owns 7,397 shares of the industrial products company’s stock valued at $611,000 after buying an additional 465 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co lifted its position in Ingersoll Rand by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock worth $12,778,000 after buying an additional 12,500 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Vicente Reynal sold 191,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the transaction, the insider directly owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. This trade represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Scheske sold 1,477 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $80.63, for a total value of $119,090.51. Following the transaction, the chief accounting officer owned 12,153 shares in the company, valued at approximately $979,896.39. This trade represents a 10.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 292,917 shares of company stock worth $26,747,912. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on IR shares. Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday. Stifel Nicolaus increased their target price on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.50.

Ingersoll Rand Stock Up 0.3%

Shares of IR stock opened at $98.79 on Wednesday. Ingersoll Rand Inc. has a 52-week low of $65.61 and a 52-week high of $100.96. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 68.13, a PEG ratio of 6.12 and a beta of 1.32. The firm’s 50-day moving average is $86.59 and its 200-day moving average is $81.65. 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 posted its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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