NEOS Investment Management LLC Boosts Stock Position in Ingersoll Rand Inc. $IR

NEOS Investment Management LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 17.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 132,519 shares of the industrial products company’s stock after purchasing an additional 19,592 shares during the period. NEOS Investment Management LLC’s holdings in Ingersoll Rand were worth $10,949,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IR. Vanguard Group Inc. lifted its stake in shares of Ingersoll Rand by 1.9% during the second quarter. Vanguard Group Inc. now owns 47,128,533 shares of the industrial products company’s stock valued at $3,920,151,000 after buying an additional 859,062 shares during the period. State Street Corp raised its holdings in Ingersoll Rand by 1.5% in the 2nd quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after acquiring an additional 239,779 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Ingersoll Rand by 4.5% during the 2nd quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock worth $1,106,083,000 after purchasing an additional 574,437 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ingersoll Rand by 2.1% during the second quarter. Geode Capital Management LLC now owns 10,190,572 shares of the industrial products company’s stock worth $844,028,000 after purchasing an additional 211,316 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Ingersoll Rand by 0.6% in the second quarter. Fisher Asset Management LLC now owns 6,913,924 shares of the industrial products company’s stock valued at $575,100,000 after purchasing an additional 38,999 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $98.79 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a market cap of $39.03 billion, a PE ratio of 68.13, a P/E/G ratio of 6.12 and a beta of 1.32. The company’s fifty day simple moving average is $86.59 and its 200-day simple moving average is $81.65. Ingersoll Rand Inc. has a 52 week low of $65.61 and a 52 week high of $100.96.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

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 transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $979,896.39. This represents a 10.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vicente Reynal sold 440 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $100.00, for a total value of $44,000.00. Following the sale, the insider owned 229,668 shares of the company’s stock, valued at $22,966,800. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 292,917 shares of company stock worth $26,747,912 in the last quarter. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of several recent analyst reports. Robert W. Baird set a $115.00 target price on Ingersoll Rand in a research report on Tuesday. Citigroup increased their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Barclays boosted their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research raised shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and a consensus target price of $100.50.

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.