Swiss Life Asset Management Ltd Raises Stock Holdings in Ingersoll Rand Inc. $IR

Swiss Life Asset Management Ltd lifted its stake in Ingersoll Rand Inc. (NYSE:IR) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,450 shares of the industrial products company’s stock after buying an additional 7,019 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Ingersoll Rand were worth $7,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Torren Management LLC purchased a new stake in Ingersoll Rand in the 4th quarter worth approximately $32,000. Salomon & Ludwin LLC lifted its holdings in Ingersoll Rand by 166.9% during the fourth quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 267 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Ingersoll Rand in the third quarter worth approximately $36,000. Westside Investment Management Inc. boosted its position in shares of Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $71.32 on Thursday. The company has a market cap of $27.91 billion, a P/E ratio of 48.19, a P/E/G ratio of 4.62 and a beta of 1.25. Ingersoll Rand Inc. has a 52-week low of $70.97 and a 52-week high of $100.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The firm’s fifty day moving average is $82.31 and its two-hundred day moving average is $83.59.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts anticipate that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is presently 5.41%.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction on 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 completion of the sale, the insider owned 16,200 shares in the company, valued at $1,573,182. This represents a 52.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 323,823 shares of company stock worth $31,031,021. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus lowered their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Barclays dropped their price objective on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.38.

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.