Capital International Investors Has $4.13 Billion Stock Position in Ingersoll Rand Inc. $IR

Capital International Investors lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,002,133 shares of the industrial products company’s stock after purchasing an additional 7,816,194 shares during the quarter. Capital International Investors owned about 0.13% of Ingersoll Rand worth $4,131,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its stake in Ingersoll Rand by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock worth $516,000 after buying an additional 130 shares during the period. Whittier Trust Co. grew its stake in Ingersoll Rand by 8.5% in the third quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 131 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Ingersoll Rand by 14.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,206 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 150 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Ingersoll Rand by 5.5% during the second quarter. AE Wealth Management LLC now owns 2,916 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 151 shares during the period. Finally, Golden State Equity Partners lifted its holdings in shares of Ingersoll Rand by 5.1% in the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 155 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Up 0.3%

Shares of Ingersoll Rand stock opened at $86.68 on Tuesday. The company has a market capitalization of $33.95 billion, a P/E ratio of 59.78, a price-to-earnings-growth ratio of 5.34 and a beta of 1.29. The stock has a fifty day simple moving average of $89.96 and a 200 day simple moving average of $83.10. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. 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 (NYSE:IR) last issued its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business earned $0.84 EPS. The business’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. On average, sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.52%.

Insiders Place Their Bets

In other news, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider owned 16,200 shares in the company, valued at $1,573,182. The trade was a 52.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the company’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 completion of the transaction, the insider directly owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This represents a 77.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 584,771 shares of company stock worth $54,976,547 in the last ninety days. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, December 29th. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Citigroup upped their target price 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. Finally, Barclays raised their price target on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.86.

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.