Swiss National Bank Sells 57,200 Shares of Ingersoll Rand Inc. $IR

Swiss National Bank reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,162,980 shares of the industrial products company’s stock after selling 57,200 shares during the quarter. Swiss National Bank’s holdings in Ingersoll Rand were worth $96,085,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Ingersoll Rand by 12.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after acquiring an additional 220,815 shares in the last quarter. National Pension Service boosted its position in shares of Ingersoll Rand by 2.7% during the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock valued at $51,058,000 after purchasing an additional 16,084 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Ingersoll Rand in the second quarter worth $8,375,000. Fisher Asset Management LLC raised its holdings in Ingersoll Rand by 0.6% in the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock worth $575,100,000 after purchasing an additional 38,999 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Ingersoll Rand by 79.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 12,539 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 191,000 shares of Ingersoll Rand stock in a transaction on Friday, January 16th. The stock was sold at an average price of $88.12, for a total value of $16,830,920.00. Following the completion of the sale, the insider owned 193,186 shares of the company’s stock, valued at $17,023,550.32. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. This trade represents a 22.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 584,771 shares of company stock worth $54,976,547. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

NYSE IR opened at $86.49 on Wednesday. Ingersoll Rand Inc. has a one year low of $65.61 and a one year high of $100.96. The stock has a 50-day moving average of $90.08 and a 200 day moving average of $83.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 5.35 and a beta of 1.29.

Ingersoll Rand (NYSE:IR) last announced 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 net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm 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, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is presently 5.52%.

Ingersoll Rand 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.