Swedbank AB Boosts Stock Position in Ingersoll Rand Inc. $IR

Swedbank AB boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 72.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,878,349 shares of the industrial products company’s stock after purchasing an additional 1,628,996 shares during the period. Swedbank AB’s holdings in Ingersoll Rand were worth $307,243,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ingersoll Rand by 5.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 790,990 shares of the industrial products company’s stock worth $63,089,000 after buying an additional 40,615 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Ingersoll Rand by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,540 shares of the industrial products company’s stock valued at $5,588,000 after buying an additional 920 shares during the period. FWG Holdings LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $207,000. Varma Mutual Pension Insurance Co boosted its position in Ingersoll Rand by 1.2% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 156,517 shares of the industrial products company’s stock worth $12,399,000 after acquiring an additional 1,853 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Ingersoll Rand by 0.5% during the fourth quarter. Truist Financial Corp now owns 86,040 shares of the industrial products company’s stock worth $6,816,000 after acquiring an additional 434 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In other news, Director John Humphrey sold 4,300 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the completion of the sale, the director owned 23,983 shares in the company, valued at approximately $2,299,969.70. The trade was a 15.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vikram Kini sold 28,367 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the sale, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,263 shares of company stock valued at $31,075,021 over the last three months. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IR. Wells Fargo & Company cut their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research report on Thursday, April 30th. Barclays dropped their target price 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. Stifel Nicolaus reduced their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.71.

Ingersoll Rand Stock Performance

NYSE:IR opened at $75.84 on Wednesday. The company has a market cap of $29.68 billion, a P/E ratio of 51.24, a P/E/G ratio of 4.77 and a beta of 1.25. The firm’s 50 day moving average is $84.57 and its two-hundred day moving average is $83.72. Ingersoll Rand Inc. has a fifty-two week low of $72.45 and a fifty-two week high of $100.96. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47.

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

Ingersoll Rand Dividend Announcement

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

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.