Banco Santander S.A. Increases Position in Ingersoll Rand Inc. $IR

Banco Santander S.A. grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 537.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,874 shares of the industrial products company’s stock after purchasing an additional 161,790 shares during the quarter. Banco Santander S.A.’s holdings in Ingersoll Rand were worth $15,853,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IR. NewSquare Capital LLC lifted its stake in shares of Ingersoll Rand by 150.7% in the 2nd quarter. NewSquare Capital LLC now owns 341 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Ingersoll Rand in the third quarter valued at approximately $36,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $36,000. Westside Investment Management Inc. increased its stake in shares of Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Ingersoll Rand by 55.3% during 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 during the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays upped their price target on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Citigroup increased their price target on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.86.

Ingersoll Rand Trading Up 1.6%

Shares of IR stock opened at $94.53 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The stock has a market capitalization of $37.02 billion, a P/E ratio of 65.19, a P/E/G ratio of 5.76 and a beta of 1.32. The firm’s 50 day moving average is $88.60 and its 200 day moving average is $82.46.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 4th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, March 4th. Ingersoll Rand’s payout ratio is presently 5.52%.

Insider Transactions at Ingersoll Rand

In related news, CFO Vikram Kini sold 28,367 shares of the business’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 value of $2,737,415.50. Following the transaction, the chief financial officer directly owned 98,517 shares of the company’s stock, valued at approximately $9,506,890.50. The trade was a 22.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total transaction of $1,771,869.06. Following the transaction, the insider owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This represents a 52.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 468,204 shares of company stock valued at $43,986,517. 0.59% of the stock is owned by corporate 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.