Ingersoll Rand Inc. $IR Shares Bought by Waycross Partners LLC

Waycross Partners LLC raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,284 shares of the industrial products company’s stock after purchasing an additional 11,294 shares during the period. Ingersoll Rand accounts for 2.8% of Waycross Partners LLC’s holdings, making the stock its 18th biggest position. Waycross Partners LLC owned about 0.09% of Ingersoll Rand worth $29,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Ingersoll Rand by 9.9% during the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after acquiring an additional 200,689 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Ingersoll Rand in the third quarter valued at approximately $1,533,000. Swiss Life Asset Management Ltd boosted its stake in shares of Ingersoll Rand by 29.5% in the third quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock worth $7,389,000 after acquiring an additional 20,381 shares during the last quarter. National Pension Service increased its position in shares of Ingersoll Rand by 3.0% during the fourth quarter. National Pension Service now owns 636,270 shares of the industrial products company’s stock worth $50,405,000 after purchasing an additional 18,289 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Ingersoll Rand by 388.7% during the first quarter. Fifth Third Bancorp now owns 81,961 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 65,189 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several recent research reports. Stifel Nicolaus reduced their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Citigroup dropped their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Morgan Stanley decreased their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.71.

Ingersoll Rand Stock Up 0.1%

Shares of NYSE:IR opened at $82.29 on Monday. Ingersoll Rand Inc. has a 52-week low of $68.07 and a 52-week high of $100.96. The stock has a market cap of $32.20 billion, a P/E ratio of 55.60, a PEG ratio of 5.20 and a beta of 1.17. The business has a fifty day moving average of $75.51 and a two-hundred day moving average of $82.56. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47.

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

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is 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.