AIA Group Ltd Purchases 31,137 Shares of Ingersoll Rand Inc. $IR

AIA Group Ltd increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 50.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,545 shares of the industrial products company’s stock after acquiring an additional 31,137 shares during the quarter. AIA Group Ltd’s holdings in Ingersoll Rand were worth $7,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IR. Vontobel Holding Ltd. raised its holdings in Ingersoll Rand by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,242 shares of the industrial products company’s stock worth $516,000 after purchasing an additional 130 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Ingersoll Rand by 8.5% in the 3rd quarter. Whittier Trust Co. now owns 1,668 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 131 shares during the last quarter. Golden State Equity Partners grew its position in shares of Ingersoll Rand by 5.1% during the 3rd quarter. Golden State Equity Partners now owns 3,212 shares of the industrial products company’s stock worth $265,000 after buying an additional 155 shares during the period. Compound Planning Inc. grew its position in shares of Ingersoll Rand by 6.0% during the 3rd quarter. Compound Planning Inc. now owns 2,763 shares of the industrial products company’s stock worth $228,000 after buying an additional 157 shares during the period. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Ingersoll Rand by 2.1% during the third quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock worth $625,000 after buying an additional 159 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IR has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Wells Fargo & Company increased their price target on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Finally, Robert W. Baird set a $115.00 price objective on Ingersoll Rand in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Hold” and a consensus target price of $101.86.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 18,246 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.11, for a total value 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. The trade was a 52.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Humphrey sold 4,300 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total transaction of $412,370.00. Following the sale, the director directly owned 23,983 shares of the company’s stock, valued at $2,299,969.70. This represents a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 584,771 shares of company stock worth $54,976,547 in the last quarter. Company insiders own 0.59% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $82.00 on Thursday. The company has a market capitalization of $32.11 billion, a PE ratio of 56.55, a PEG ratio of 5.19 and a beta of 1.29. Ingersoll Rand Inc. has a 12 month low of $65.61 and a 12 month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $90.34 and its 200 day simple moving average is $83.24.

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

Ingersoll Rand Announces Dividend

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

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.