TD Asset Management Inc Lowers Holdings in Ingersoll Rand Inc. $IR

TD Asset Management Inc decreased its position in Ingersoll Rand Inc. (NYSE:IR) by 16.2% in the fourth quarter, Holdings Channel reports. The firm owned 668,045 shares of the industrial products company’s stock after selling 129,505 shares during the period. TD Asset Management Inc’s holdings in Ingersoll Rand were worth $52,923,000 at the end of the most recent quarter.

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

Ingersoll Rand Stock Performance

Shares of IR opened at $72.26 on Friday. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The stock has a fifty day moving average price of $77.55 and a 200-day moving average price of $82.74. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market cap of $28.28 billion, a PE ratio of 48.83, a P/E/G ratio of 4.55 and a beta of 1.19.

Ingersoll Rand (NYSE:IR) last issued 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 return on equity of 12.79% and a net margin of 7.54%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts predict that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Insider Activity

In related news, insider Vicente Reynal sold 30,492 shares of the company’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 transaction, the insider directly owned 209,534 shares of the company’s stock, valued at $18,438,992. This represents a 12.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

IR has been the subject of a number of analyst reports. Barclays lowered their target price on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Stifel Nicolaus lowered their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Evercore set a $84.00 target price on Ingersoll Rand in a report on Monday, May 11th. Finally, Robert W. Baird set a $103.00 target price on Ingersoll Rand in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand presently has an average rating of “Hold” and a consensus price target of $92.75.

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.