Ethic Inc. Boosts Stake in Ingersoll Rand Inc. $IR

Ethic Inc. increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 21.9% during the fourth quarter, HoldingsChannel reports. The fund owned 65,812 shares of the industrial products company’s stock after buying an additional 11,822 shares during the period. Ethic Inc.’s holdings in Ingersoll Rand were worth $5,214,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in Ingersoll Rand in the fourth quarter valued at $32,000. Salomon & Ludwin LLC grew its stake in shares of Ingersoll Rand by 166.9% during the 4th quarter. Salomon & Ludwin LLC now owns 427 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 267 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter valued at about $36,000. Westside Investment Management Inc. lifted its stake in shares of Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its stake in shares of Ingersoll Rand by 55.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, CFO Vikram Kini sold 28,367 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the transaction, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at $9,506,890.50. The trade was a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares of the company’s stock, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 324,263 shares of company stock worth $31,075,021 in the last quarter. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of several recent analyst reports. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Barclays decreased their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Finally, Wells Fargo & Company reduced their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus price target of $94.71.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $75.66 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $83.93 and its 200 day moving average price is $83.74. Ingersoll Rand Inc. has a 52 week low of $72.45 and a 52 week high of $100.96. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 4.78 and a beta of 1.25.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, research analysts forecast that Ingersoll Rand Inc. will post 3.38 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 5.41%.

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.