Teachers Retirement System of The State of Kentucky Acquires 50,368 Shares of Ingersoll Rand Inc. $IR

Teachers Retirement System of The State of Kentucky increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 259,196 shares of the industrial products company’s stock after buying an additional 50,368 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ingersoll Rand were worth $21,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Elo Mutual Pension Insurance Co boosted its stake in shares of Ingersoll Rand by 14.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 39,645 shares of the industrial products company’s stock worth $3,275,000 after acquiring an additional 5,050 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Ingersoll Rand by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock worth $573,607,000 after purchasing an additional 28,787 shares in the last quarter. APG Asset Management N.V. raised its holdings in Ingersoll Rand by 134.6% in the 3rd quarter. APG Asset Management N.V. now owns 2,433,972 shares of the industrial products company’s stock worth $201,095,000 after purchasing an additional 1,396,421 shares during the period. Harvest Portfolios Group Inc. lifted its position in Ingersoll Rand by 14.5% during the third quarter. Harvest Portfolios Group Inc. now owns 26,746 shares of the industrial products company’s stock valued at $2,210,000 after purchasing an additional 3,383 shares in the last quarter. Finally, Banco Santander S.A. lifted its position in Ingersoll Rand by 537.8% during the third quarter. Banco Santander S.A. now owns 191,874 shares of the industrial products company’s stock valued at $15,853,000 after purchasing an additional 161,790 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 2.6%

IR stock opened at $91.51 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96. The business has a 50 day simple moving average of $89.35 and a two-hundred day simple moving average of $82.81. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 63.11, a PEG ratio of 5.80 and a beta of 1.29.

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, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. Ingersoll Rand’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be given a $0.02 dividend. 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%.

Analyst Upgrades and Downgrades

IR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday, February 17th. Citigroup raised their target price on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Finally, Barclays increased their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and an average target price of $101.86.

Insider Activity at Ingersoll Rand

In other news, insider Kathleen M. Keene sold 12,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider directly owned 3,528 shares in the company, valued at approximately $350,894.88. This represents a 77.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the completion of the sale, the chief accounting officer owned 12,153 shares in the company, valued at $1,186,983.51. This represents a 61.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 466,727 shares of company stock valued at $43,867,426 in the last 90 days. 0.68% of the stock is currently owned by insiders.

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.