Nordea Investment Management AB Buys 200,689 Shares of Ingersoll Rand Inc. $IR

Nordea Investment Management AB grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,219,327 shares of the industrial products company’s stock after buying an additional 200,689 shares during the period. Nordea Investment Management AB’s holdings in Ingersoll Rand were worth $177,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IR. AQR Capital Management LLC increased its position in Ingersoll Rand by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 37,078 shares of the industrial products company’s stock valued at $2,904,000 after purchasing an additional 4,167 shares during the period. NewEdge Advisors LLC lifted its position in shares of Ingersoll Rand by 4.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,168 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 282 shares during the period. Empowered Funds LLC boosted its stake in shares of Ingersoll Rand by 6.2% in the 1st quarter. Empowered Funds LLC now owns 7,731 shares of the industrial products company’s stock valued at $619,000 after purchasing an additional 454 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Ingersoll Rand during the first quarter worth $643,000. Finally, Cetera Investment Advisers increased its position in shares of Ingersoll Rand by 2.4% during the second quarter. Cetera Investment Advisers now owns 63,551 shares of the industrial products company’s stock worth $5,286,000 after buying an additional 1,477 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Trading Down 1.0%

NYSE:IR opened at $81.36 on Monday. 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 has a market capitalization of $31.86 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 5.03 and a beta of 1.29. The firm has a fifty day simple moving average of $90.21 and a two-hundred day simple moving average of $83.32.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 12th. The industrial products company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. 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 fiscal year.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

IR has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $87.00 to $101.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Barclays boosted their price objective on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Monday, December 29th. Finally, Citigroup raised their target price on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.86.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the sale, the chief accounting officer owned 12,153 shares of the company’s stock, valued at approximately $1,186,983.51. This trade represents a 61.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s 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 sale, 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. In the last quarter, insiders have sold 584,771 shares of company stock valued at $54,976,547. 0.59% of the stock is currently 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.