121,431 Shares in Ingersoll Rand Inc. $IR Bought by Interval Partners LP

Interval Partners LP acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 121,431 shares of the industrial products company’s stock, valued at approximately $10,033,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC acquired a new position in Ingersoll Rand during the third quarter worth about $36,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at approximately $36,000. Westside Investment Management Inc. grew its holdings in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 301 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the sale, the chief accounting officer directly owned 12,153 shares in the company, valued at $1,186,983.51. This represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,737,415.50. Following the sale, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at $9,506,890.50. This represents a 22.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 584,771 shares of company stock valued at $54,976,547 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on IR. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup upped their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Barclays raised their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $82.12 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. 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 $32.16 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 5.01 and a beta of 1.29. The company’s fifty day moving average is $90.28 and its 200 day moving average is $83.16.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.Ingersoll Rand’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be given 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 dividend payout ratio (DPR) is 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.