Argos Wealth Advisors LLC Makes New $765,000 Investment in Ingersoll Rand Inc. $IR

Argos Wealth Advisors LLC purchased a new position in Ingersoll Rand Inc. (NYSE:IR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,661 shares of the industrial products company’s stock, valued at approximately $765,000.

A number of other large investors have also bought and sold shares of the stock. HighPoint Advisor Group LLC grew its holdings in Ingersoll Rand by 3.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,651 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 211 shares during the period. First National Advisers LLC grew its holdings in shares of Ingersoll Rand by 14.8% during the fourth quarter. First National Advisers LLC now owns 44,637 shares of the industrial products company’s stock valued at $3,536,000 after buying an additional 5,739 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its holdings in shares of Ingersoll Rand by 12.1% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 19,757 shares of the industrial products company’s stock valued at $1,565,000 after buying an additional 2,135 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Ingersoll Rand by 10.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,020 shares of the industrial products company’s stock valued at $239,000 after buying an additional 298 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of Ingersoll Rand by 7.8% during the fourth quarter. Swiss Life Asset Management Ltd now owns 96,450 shares of the industrial products company’s stock valued at $7,641,000 after buying an additional 7,019 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a report on Thursday, April 30th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and an average target price of $93.38.

Ingersoll Rand Stock Down 1.9%

Ingersoll Rand stock opened at $73.27 on Wednesday. Ingersoll Rand Inc. has a fifty-two week low of $72.19 and a fifty-two week high of $100.96. The stock has a market cap of $28.68 billion, a PE ratio of 49.51, a price-to-earnings-growth ratio of 4.72 and a beta of 1.25. The firm’s 50-day simple moving average is $82.77 and its 200 day simple moving average is $83.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $1.85 billion for 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 firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts predict that Ingersoll Rand Inc. will post 3.38 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Vikram Kini sold 28,367 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were 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 in the company, valued at approximately $9,506,890.50. This represents a 22.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the company’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 transaction of $1,193,520.00. Following the sale, the insider owned 3,528 shares in the company, valued at $350,894.88. The trade was a 77.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 323,823 shares of company stock valued at $31,031,021. Company insiders own 0.49% 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.