Eurizon Capital SGR S.p.A. Purchases New Holdings in Ingersoll Rand Inc. $IR

Eurizon Capital SGR S.p.A. purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 713,573 shares of the industrial products company’s stock, valued at approximately $56,567,000.

Several other institutional investors have also made changes to their positions in IR. Capital International Investors boosted its stake in shares of Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after buying an additional 7,816,194 shares during the period. Capital World Investors boosted its stake in shares of Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after buying an additional 5,110,668 shares during the period. Capital Research Global Investors boosted its stake in shares of Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after buying an additional 2,406,183 shares during the period. Swedbank AB boosted its stake in shares of Ingersoll Rand by 72.4% in the fourth quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after buying an additional 1,628,996 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Ingersoll Rand by 24,176.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,623,131 shares of the industrial products company’s stock valued at $128,584,000 after buying an additional 1,616,445 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on IR. Citigroup cut their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Barclays cut their price target 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. Wall Street Zen cut Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company cut their target price 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. Finally, Evercore set a $84.00 target price on Ingersoll Rand in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Ingersoll Rand has an average rating of “Hold” and an average price target of $93.38.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 30,492 shares of the 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 completion of the sale, the insider directly owned 209,534 shares in the company, valued at $18,438,992. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

Ingersoll Rand Stock Up 1.0%

Shares of IR opened at $71.68 on Friday. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 4.49 and a beta of 1.25. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The stock has a fifty day moving average of $78.65 and a 200-day moving average of $82.92. 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 posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.Ingersoll Rand’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

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