Ingersoll Rand Inc. $IR Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,018,638 shares of the industrial products company’s stock after acquiring an additional 220,815 shares during the quarter. Nordea Investment Management AB owned approximately 0.51% of Ingersoll Rand worth $165,811,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IR. Vontobel Holding Ltd. grew its holdings in shares of Ingersoll Rand by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 130 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Ingersoll Rand by 0.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 18,708 shares of the industrial products company’s stock valued at $1,556,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its position in Ingersoll Rand by 14.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the period. AE Wealth Management LLC grew its stake in Ingersoll Rand by 5.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after buying an additional 151 shares during the last quarter. Finally, Golden State Equity Partners increased its position in Ingersoll Rand by 5.1% in the third quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after buying an additional 155 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,477 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $80.63, for a total value of $119,090.51. Following the completion of the sale, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $979,896.39. This represents a 10.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Ingersoll Rand from $75.00 to $81.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Robert W. Baird reduced their target price on shares of Ingersoll Rand from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Wells Fargo & Company lifted their price target on Ingersoll Rand from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Hold” and a consensus target price of $91.56.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $85.79 on Wednesday. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $95.85. The stock has a market cap of $33.90 billion, a price-to-earnings ratio of 63.55, a PEG ratio of 5.21 and a beta of 1.33. The stock’s 50 day moving average price is $79.67 and its 200 day moving average price is $80.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.51.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Ingersoll Rand had a net margin of 7.31% and a return on equity of 12.14%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Ingersoll Rand has set its FY 2025 guidance at 3.250-3.310 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a $0.02 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.93%.

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.