Neo Ivy Capital Management Takes $601,000 Position in Ingersoll Rand Inc. $IR

Neo Ivy Capital Management purchased a new position in Ingersoll Rand Inc. (NYSE:IR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,276 shares of the industrial products company’s stock, valued at approximately $601,000.

Several other hedge funds have also recently made changes to their positions in IR. Grey Fox Wealth Advisors LLC purchased a new stake in Ingersoll Rand in the third quarter worth approximately $36,000. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand in the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. raised its stake in 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 buying an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted 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 buying an additional 173 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of Ingersoll Rand during the 2nd quarter valued at $45,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 4.3%

Shares of IR stock opened at $86.58 on Friday. 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 company has a market cap of $33.91 billion, a price-to-earnings ratio of 59.71, a PEG ratio of 5.34 and a beta of 1.29. Ingersoll Rand Inc. has a 1 year low of $65.61 and a 1 year high of $100.96. The firm has a fifty day moving average price of $89.84 and a 200-day moving average price of $83.01.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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 paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Wall Street Analyst Weigh In

Several analysts recently commented on IR shares. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Stifel Nicolaus increased their target price on Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a report on Tuesday, February 17th. Barclays raised their target price on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, Citigroup upped their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $101.86.

Insider Transactions at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the transaction, the insider directly owned 16,200 shares of the company’s stock, valued at $1,573,182. The trade was a 52.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider 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. Over the last three months, insiders have sold 584,771 shares of company stock valued at $54,976,547. Company insiders own 0.59% of the company’s stock.

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.