Capital International Inc. CA Boosts Stake in Ingersoll Rand Inc. $IR

Capital International Inc. CA boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 21.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705,616 shares of the industrial products company’s stock after acquiring an additional 124,965 shares during the quarter. Capital International Inc. CA’s holdings in Ingersoll Rand were worth $58,298,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in IR. Capital International Investors lifted 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 purchasing an additional 7,816,194 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ingersoll Rand by 1.9% in 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 purchasing an additional 859,062 shares in the last quarter. State Street Corp grew its position in shares of Ingersoll Rand by 1.5% in the second quarter. State Street Corp now owns 16,514,718 shares of the industrial products company’s stock valued at $1,373,694,000 after purchasing an additional 239,779 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Ingersoll Rand by 4.5% in the second quarter. Franklin Resources Inc. now owns 13,297,463 shares of the industrial products company’s stock valued at $1,106,083,000 after purchasing an additional 574,437 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Ingersoll Rand by 2.1% during the 2nd 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 in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

IR stock opened at $86.68 on Tuesday. The stock has a 50-day moving average price of $89.96 and a two-hundred day moving average price of $83.10. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The company has a market cap of $33.95 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 5.34 and a beta of 1.29.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The firm’s quarterly 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, research analysts predict 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 issued a $0.02 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.52%.

Insider Buying and Selling

In other news, CFO Vikram Kini sold 28,367 shares of Ingersoll Rand stock in a transaction dated Friday, February 20th. The stock was 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 of the company’s stock, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the firm’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 value of $1,193,520.00. Following the sale, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 584,771 shares of company stock worth $54,976,547 over the last quarter. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup upped their target price on Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Barclays boosted their price target on Ingersoll Rand from $91.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company boosted their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.86.

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.