Allstate Corp Raises Stock Holdings in Ingersoll Rand Inc. $IR

Allstate Corp grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 89.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,677 shares of the industrial products company’s stock after buying an additional 13,100 shares during the period. Allstate Corp’s holdings in Ingersoll Rand were worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IR. Compound Planning Inc. raised its holdings in Ingersoll Rand by 6.0% in the third 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 last quarter. Johnson Investment Counsel Inc. increased its position in shares of Ingersoll Rand by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 7,568 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 159 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Ingersoll Rand by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 6,296 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 163 shares during the last quarter. Ascent Group LLC increased its position in shares of Ingersoll Rand by 1.2% during the 4th quarter. Ascent Group LLC now owns 13,410 shares of the industrial products company’s stock valued at $1,062,000 after purchasing an additional 164 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in Ingersoll Rand by 55.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 0.0%

NYSE IR opened at $70.97 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23. The company has a market capitalization of $27.77 billion, a P/E ratio of 47.95, a P/E/G ratio of 4.48 and a beta of 1.25. Ingersoll Rand Inc. has a one year low of $68.07 and a one year high of $100.96. The stock has a 50 day moving average price of $78.86 and a 200-day moving average price of $83.00.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, equities analysts predict that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s dividend payout ratio is currently 5.41%.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Stifel Nicolaus dropped their price target on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Evercore set a $84.00 price target on Ingersoll Rand in a research note on Monday, May 11th. Robert W. Baird set a $103.00 price target on Ingersoll Rand in a research note on Thursday, April 30th. Finally, Citigroup dropped their price target on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.38.

Insider Activity at Ingersoll Rand

In other news, insider Vicente Reynal sold 118,044 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $94.11, for a total transaction of $11,109,120.84. Following the completion of the transaction, the insider directly owned 209,534 shares in the company, valued at approximately $19,719,244.74. This represents a 36.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% 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.