CCLA Investment Management Has $98.76 Million Holdings in Ingersoll Rand Inc. $IR

CCLA Investment Management reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,246,800 shares of the industrial products company’s stock after selling 128,084 shares during the quarter. CCLA Investment Management’s holdings in Ingersoll Rand were worth $98,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital International Investors raised its holdings in shares of Ingersoll Rand by 18.5% in the third quarter. Capital International Investors now owns 50,002,133 shares of the industrial products company’s stock valued at $4,131,157,000 after buying an additional 7,816,194 shares during the last quarter. Capital World Investors raised its holdings in shares of Ingersoll Rand by 19.2% in the third quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after buying an additional 5,110,668 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Ingersoll Rand by 14.3% in the third quarter. Capital Research Global Investors now owns 19,254,676 shares of the industrial products company’s stock valued at $1,590,818,000 after buying an additional 2,406,183 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Ingersoll Rand by 134.6% in the third quarter. APG Asset Management N.V. now owns 2,433,972 shares of the industrial products company’s stock valued at $201,095,000 after buying an additional 1,396,421 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of Ingersoll Rand by 141.1% in the third quarter. Swedbank AB now owns 2,249,353 shares of the industrial products company’s stock valued at $185,842,000 after buying an additional 1,316,375 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $84.74 on Thursday. The stock has a market capitalization of $33.19 billion, a P/E ratio of 58.44, a P/E/G ratio of 4.81 and a beta of 1.33. Ingersoll Rand Inc. has a 1-year low of $65.70 and a 1-year 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 business has a 50-day moving average price of $88.52 and a two-hundred day moving average price of $83.34.

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, topping the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ingersoll Rand had a return on equity of 12.62% and a net margin of 7.60%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IR shares. Zacks Research raised Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Stifel Nicolaus boosted their price objective 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 objective on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Citigroup boosted 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.43.

Insider Activity at Ingersoll Rand

In other news, Director John Humphrey sold 4,300 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of 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. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the company’s 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 sale, the insider directly owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 584,771 shares of company stock worth $54,976,547. 0.59% of the stock is owned by company 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.