Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Ingersoll Rand Inc. $IR

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,558 shares of the industrial products company’s stock after selling 6,526 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Ingersoll Rand worth $16,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC purchased a new position in Ingersoll Rand in the 3rd quarter valued at about $36,000. Westside Investment Management Inc. lifted its stake in Ingersoll Rand by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after buying an additional 232 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after buying an additional 173 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after buying an additional 301 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its stake in Ingersoll Rand by 6,210.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 631 shares of the industrial products company’s stock valued at $52,000 after buying an additional 621 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IR has been the topic of a number of research reports. Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Barclays decreased their price target on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Citigroup decreased their price target on shares of Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $98.00.

Ingersoll Rand Trading Down 1.2%

IR opened at $83.76 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49. The company’s 50 day simple moving average is $86.80 and its two-hundred day simple moving average is $83.57. Ingersoll Rand Inc. has a 1-year low of $72.45 and a 1-year high of $100.96. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 57.77, a price-to-earnings-growth ratio of 5.31 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company posted $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. Analysts expect that Ingersoll Rand Inc. will post 3.41 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.52%.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Kathleen M. Keene sold 12,000 shares of the firm’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 transaction, the insider directly owned 3,528 shares of the company’s stock, valued at $350,894.88. This trade represents a 77.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the transaction, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. This trade represents a 22.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 424,263 shares of company stock worth $40,828,923. 0.59% of the stock is currently owned by insiders.

Ingersoll Rand 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.