Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Position in Ingersoll Rand Inc. $IR

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 10.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 94,012 shares of the industrial products company’s stock after selling 11,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ingersoll Rand were worth $7,448,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Deseret Mutual Benefit Administrators grew its stake in shares of Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Ingersoll Rand by 6.0% in the third quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock valued at $228,000 after buying an additional 157 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Ingersoll Rand by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock valued at $625,000 after buying an additional 159 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Ingersoll Rand by 2.7% in the third quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock valued at $520,000 after buying an additional 163 shares in the last quarter. Finally, Ascent Group LLC grew its stake in shares of Ingersoll Rand by 1.2% in the fourth quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 0.0%

Shares of NYSE IR opened at $72.26 on Monday. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 4.57 and a beta of 1.20. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. 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 stock’s 50 day simple moving average is $77.55 and its 200 day simple moving average is $82.80.

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 the consensus estimate of $0.74 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts expect that Ingersoll Rand Inc. will post 3.37 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on IR. Evercore set a $84.00 price objective on Ingersoll Rand in a research note on Monday, May 11th. Wells Fargo & Company lowered their price objective on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a research note on Thursday, April 30th. Morgan Stanley lowered their price objective on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $92.75.

Insider Activity

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction on Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider directly owned 209,534 shares in the company, valued at approximately $18,438,992. This trade represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.