Resona Asset Management Co. Ltd. Reduces Stock Position in Ingersoll Rand Inc. $IR

Resona Asset Management Co. Ltd. reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,485 shares of the industrial products company’s stock after selling 8,700 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $9,740,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new stake in shares of Ingersoll Rand during the third quarter worth about $1,533,000. Nordea Investment Management AB raised its stake in Ingersoll Rand by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock worth $177,324,000 after buying an additional 200,689 shares in the last quarter. National Pension Service raised its stake in Ingersoll Rand by 2.7% in the third quarter. National Pension Service now owns 617,981 shares of the industrial products company’s stock worth $51,058,000 after buying an additional 16,084 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in 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 buying an additional 12,539 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co raised its stake in Ingersoll Rand by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock worth $12,778,000 after buying an additional 12,500 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 118,044 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $94.11, for a total transaction of $11,109,120.84. Following the completion of the transaction, the insider owned 209,534 shares of the company’s stock, valued at approximately $19,719,244.74. This trade represents a 36.04% 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. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a research note on Thursday, April 30th. Barclays decreased their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup decreased their price target on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Finally, Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.38.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $70.31 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The company has a 50 day simple moving average of $80.06 and a two-hundred day simple moving average of $83.22. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 4.45 and a beta of 1.25. 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 (NYSE:IR) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 7.6% 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 3.37 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is 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 currently 5.41%.

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.