Lansforsakringar Fondforvaltning AB publ Has $10.93 Million Position in Ingersoll Rand Inc. $IR

Lansforsakringar Fondforvaltning AB publ grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,345 shares of the industrial products company’s stock after buying an additional 10,855 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Ingersoll Rand were worth $10,934,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after purchasing an additional 220,815 shares during the period. National Pension Service grew its position in Ingersoll Rand by 2.7% in the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock valued at $51,058,000 after acquiring an additional 16,084 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Ingersoll Rand during the second quarter worth $8,375,000. Fisher Asset Management LLC lifted its holdings in shares of Ingersoll Rand by 0.6% during the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after acquiring an additional 38,999 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Ingersoll Rand by 79.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after purchasing an additional 12,539 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IR has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a report on Tuesday, February 17th. Citigroup raised their price target on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wells Fargo & Company increased their target price on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report 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 investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.86.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, Director John Humphrey sold 4,300 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the transaction, the director owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total value of $1,193,520.00. Following the completion of the sale, the insider directly owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 468,204 shares of company stock valued at $43,986,517 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Price Performance

Shares of IR stock opened at $93.87 on Tuesday. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 5.92 and a beta of 1.32. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. 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 stock has a 50-day moving average price of $87.69 and a 200 day moving average price of $82.17.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (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 analyst estimates of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) 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.