Swiss National Bank Purchases 70,400 Shares of Ingersoll Rand Inc. $IR

Swiss National Bank boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,159,480 shares of the industrial products company’s stock after purchasing an additional 70,400 shares during the period. Swiss National Bank’s holdings in Ingersoll Rand were worth $92,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. World Equity Group Inc. bought a new stake in shares of Ingersoll Rand during the 1st quarter worth approximately $250,000. Assetmark Inc. grew its position in Ingersoll Rand by 5.1% in the 1st quarter. Assetmark Inc. now owns 45,354 shares of the industrial products company’s stock valued at $3,634,000 after acquiring an additional 2,199 shares during the last quarter. Bessemer Group Inc. grew its position in Ingersoll Rand by 6.7% in the 1st quarter. Bessemer Group Inc. now owns 8,253 shares of the industrial products company’s stock valued at $661,000 after acquiring an additional 519 shares during the last quarter. Wealthfront Advisers LLC increased its stake in Ingersoll Rand by 3.2% in the first quarter. Wealthfront Advisers LLC now owns 37,099 shares of the industrial products company’s stock worth $2,972,000 after purchasing an additional 1,143 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Ingersoll Rand by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 3,978,456 shares of the industrial products company’s stock worth $318,754,000 after purchasing an additional 77,366 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

NYSE IR opened at $80.26 on Tuesday. The firm’s fifty day simple moving average is $75.62 and its two-hundred day simple moving average is $82.55. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The firm has a market capitalization of $31.41 billion, a P/E ratio of 54.23, a P/E/G ratio of 5.20 and a beta of 1.17. The company has a current ratio of 2.23, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. Ingersoll Rand’s 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. Analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed 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 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%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IR. Barclays decreased their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup reduced their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus decreased their price target on shares of Ingersoll Rand from $85.00 to $84.00 and set a “hold” rating for the company in a research note on Monday. Evercore set a $84.00 price target on Ingersoll Rand in a report on Monday, May 11th. Finally, Weiss Ratings cut Ingersoll Rand from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.86.

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.