Healthcare of Ontario Pension Plan Trust Fund Has $35.53 Million Holdings in Ingersoll Rand Inc. $IR

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 48.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 448,513 shares of the industrial products company’s stock after purchasing an additional 146,695 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Ingersoll Rand were worth $35,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital International Investors lifted its holdings in Ingersoll Rand by 18.5% during the 3rd 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 last quarter. Norges Bank acquired a new stake in Ingersoll Rand during the 4th quarter valued at $407,915,000. Capital World Investors lifted its holdings in Ingersoll Rand by 19.2% during the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares during the last quarter. Capital Research Global Investors lifted its holdings in Ingersoll Rand by 14.3% during the 3rd quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after purchasing an additional 2,406,183 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Ingersoll Rand by 72.4% during the 4th quarter. Swedbank AB now owns 3,878,349 shares of the industrial products company’s stock valued at $307,243,000 after purchasing an additional 1,628,996 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Up 3.7%

Shares of NYSE IR opened at $76.77 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The stock has a market capitalization of $30.04 billion, a P/E ratio of 51.87, a PEG ratio of 4.68 and a beta of 1.20. The stock’s fifty day moving average is $76.85 and its 200 day moving average is $82.68.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business earned $0.72 earnings per share. Ingersoll Rand’s revenue was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.02 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the firm’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 transaction, the insider owned 209,534 shares in the company, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IR shares. Stifel Nicolaus cut their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company cut their price target on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Wall Street Zen downgraded Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays cut their price target on Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.75.

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.