Russell Investments Group Ltd. Acquires 45,721 Shares of Ingersoll Rand Inc. $IR

Russell Investments Group Ltd. boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,757 shares of the industrial products company’s stock after acquiring an additional 45,721 shares during the period. Russell Investments Group Ltd.’s holdings in Ingersoll Rand were worth $31,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IR. AQR Capital Management LLC increased its stake in shares of Ingersoll Rand by 12.7% during the first quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after purchasing an additional 4,167 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 282 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 454 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $643,000. Finally, Savant Capital LLC grew its stake in shares of Ingersoll Rand by 12.6% in the 2nd quarter. Savant Capital LLC now owns 9,512 shares of the industrial products company’s stock worth $791,000 after buying an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other Ingersoll Rand news, CFO Vikram Kini sold 28,367 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $96.50, for a total value of $2,737,415.50. Following the transaction, the chief financial officer directly owned 98,517 shares in the company, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the sale, the insider directly owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. The trade was a 77.28% decrease in their position. 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. 0.59% of the stock is currently owned by corporate insiders.

Ingersoll Rand Stock Performance

IR stock opened at $81.27 on Friday. The company has a market cap of $31.82 billion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 5.26 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. The stock’s fifty day moving average price is $90.24 and its 200-day moving average price is $83.14. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $100.96.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.84 EPS. The business’s quarterly 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. On average, equities analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders 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 yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is currently 5.52%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IR. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Barclays increased their target price on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Stifel Nicolaus raised their price target on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Finally, Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.86.

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.