APG Asset Management N.V. Buys 1,396,421 Shares of Ingersoll Rand Inc. $IR

APG Asset Management N.V. boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 134.6% in the third quarter, HoldingsChannel reports. The firm owned 2,433,972 shares of the industrial products company’s stock after buying an additional 1,396,421 shares during the period. APG Asset Management N.V.’s holdings in Ingersoll Rand were worth $201,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC grew 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 buying an additional 205 shares during the period. Heartwood Wealth Advisors LLC bought a new position in Ingersoll Rand in the third quarter worth approximately $36,000. Grey Fox Wealth Advisors LLC bought a new position in Ingersoll Rand in the third quarter worth approximately $36,000. Westside Investment Management Inc. increased its holdings in shares of Ingersoll Rand by 100.0% during the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 232 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.6%

IR stock opened at $93.97 on Friday. The stock’s fifty day simple moving average is $88.89 and its two-hundred day simple moving average is $82.61. 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 1-year low of $65.61 and a 1-year high of $100.96. The stock has a market cap of $36.80 billion, a P/E ratio of 64.81, a P/E/G ratio of 5.83 and a beta of 1.32.

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, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts expect that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted 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. Barclays raised their price objective on shares of Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.86.

Insider Transactions at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 12,000 shares of Ingersoll Rand 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 sale, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. The trade was a 77.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the stock in a transaction on Friday, February 20th. The shares were 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. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 468,204 shares of company stock valued at $43,986,517. Corporate insiders own 0.59% of the company’s stock.

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.