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

Swiss Life Asset Management Ltd increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 96,450 shares of the industrial products company’s stock after purchasing an additional 7,019 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Ingersoll Rand were worth $7,641,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. boosted its stake in Ingersoll Rand by 8.5% during the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock worth $140,000 after buying an additional 131 shares during the period. Compound Planning Inc. lifted its holdings in shares of Ingersoll Rand by 6.0% in the 3rd quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 157 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Ingersoll Rand by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 159 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Ingersoll Rand by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 163 shares during the period. Finally, Ascent Group LLC boosted its stake in shares of Ingersoll Rand by 1.2% during the 4th quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock worth $1,062,000 after purchasing an additional 164 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Vicente Reynal sold 118,044 shares of Ingersoll Rand stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $94.11, for a total value of $11,109,120.84. Following the completion of the sale, the insider directly owned 209,534 shares in the company, valued at $19,719,244.74. The trade was a 36.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 323,823 shares of company stock worth $31,031,021. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on IR shares. Barclays reduced their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus cut their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company decreased their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup dropped their price objective on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.38.

Ingersoll Rand Price Performance

Shares of IR stock opened at $71.32 on Thursday. The company has a market capitalization 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. The company’s 50-day simple moving average is $82.31 and its two-hundred day simple moving average is $83.59. Ingersoll Rand Inc. has a one year low of $70.97 and a one year high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’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, equities analysts anticipate that Ingersoll Rand Inc. will post 3.38 EPS for the current year.

Ingersoll Rand Announces Dividend

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

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.