Daiwa Securities Group Inc. Buys 36,249 Shares of Ingersoll Rand Inc. $IR

Daiwa Securities Group Inc. grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 18.9% during the fourth quarter, Holdings Channel reports. The firm owned 227,770 shares of the industrial products company’s stock after purchasing an additional 36,249 shares during the period. Daiwa Securities Group Inc.’s holdings in Ingersoll Rand were worth $18,044,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Compound Planning Inc. lifted its holdings in shares of Ingersoll Rand by 6.0% in the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 157 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Ingersoll Rand by 2.1% during the third quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 159 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Ingersoll Rand by 2.7% during the third quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 163 shares during the last quarter. Ascent Group LLC increased its position in shares of Ingersoll Rand by 1.2% during the fourth quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock valued at $1,062,000 after acquiring an additional 164 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $72.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The business has a fifty day simple moving average of $77.55 and a two-hundred day simple moving average of $82.74. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a market capitalization of $28.28 billion, a P/E ratio of 48.83, a P/E/G ratio of 4.55 and a beta of 1.19.

Ingersoll Rand (NYSE:IR) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter 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, analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 30,492 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was 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 directly owned 209,534 shares of the company’s stock, valued at $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays decreased their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Citigroup decreased their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price target on Ingersoll Rand in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.75.

About Ingersoll Rand

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.