Ingersoll Rand Inc. $IR Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,517 shares of the industrial products company’s stock after selling 6,566 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ingersoll Rand were worth $22,350,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand in the third quarter valued at approximately $36,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand during the third quarter worth approximately $36,000. Westside Investment Management Inc. increased its holdings in shares of Ingersoll Rand by 100.0% in the 3rd 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 during the period. ANTIPODES PARTNERS Ltd raised its position in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 173 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a report on Monday, December 29th. Stifel Nicolaus raised their price target on Ingersoll Rand from $87.00 to $101.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company upped their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Ingersoll Rand has a consensus rating of “Hold” and an average target price of $101.86.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $82.01 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. The stock has a 50 day simple moving average of $90.29 and a 200-day simple moving average of $83.23. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 56.56, a price-to-earnings-growth ratio of 5.07 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.

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

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling at Ingersoll Rand

In other news, insider Elizabeth Meloy Hepding sold 18,246 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 16,200 shares in the company, valued at $1,573,182. This trade represents a 52.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $96.50, for a total transaction of $2,737,415.50. Following the completion of the sale, the chief financial officer owned 98,517 shares of the company’s stock, valued at $9,506,890.50. This trade represents a 22.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 584,771 shares of company stock worth $54,976,547. Company 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.