Franklin Resources Inc. Boosts Holdings in Ingersoll Rand Inc. $IR

Franklin Resources Inc. raised its position in Ingersoll Rand Inc. (NYSE:IR) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,404,452 shares of the industrial products company’s stock after purchasing an additional 1,106,989 shares during the period. Franklin Resources Inc.’s holdings in Ingersoll Rand were worth $1,190,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IR. Nordea Investment Management AB raised its holdings in shares of Ingersoll Rand by 12.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,018,638 shares of the industrial products company’s stock valued at $165,811,000 after acquiring an additional 220,815 shares in the last quarter. National Pension Service boosted its position in shares of Ingersoll Rand by 2.7% during the 3rd quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock valued at $51,058,000 after acquiring an additional 16,084 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Ingersoll Rand during the second quarter worth about $8,375,000. Fisher Asset Management LLC increased 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 worth $575,100,000 after purchasing an additional 38,999 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Ingersoll Rand by 79.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock worth $2,347,000 after purchasing an additional 12,539 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

NYSE:IR opened at $86.49 on Wednesday. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 5.35 and a beta of 1.29. The business has a 50 day moving average of $90.08 and a 200 day moving average of $83.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $100.96.

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

Ingersoll Rand Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, March 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.52%.

Insider Buying and Selling

In other news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total transaction of $1,867,645.74. Following the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 584,771 shares of company stock worth $54,976,547 over the last 90 days. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Citigroup lifted 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. Finally, Barclays upped their target price on shares of Ingersoll Rand from $91.00 to $111.00 and gave the stock 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and a consensus price target of $101.86.

About Ingersoll Rand

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.