Crescent Grove Advisors LLC Takes Position in Ingersoll Rand Inc. $IR

Crescent Grove Advisors LLC acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,344 shares of the industrial products company’s stock, valued at approximately $1,057,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IR. Capital International Investors grew its position in shares of Ingersoll Rand by 18.5% in the 3rd 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 grew its position in shares of Ingersoll Rand by 19.2% in the 3rd 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 grew its position in shares of Ingersoll Rand by 14.3% in the 3rd 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. Franklin Resources Inc. grew its position in shares of Ingersoll Rand by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after buying an additional 1,106,989 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Ingersoll Rand by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock valued at $573,607,000 after buying an additional 28,787 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IR has been the topic of a number of recent analyst reports. Evercore set a $84.00 target price on shares of Ingersoll Rand in a research report on Monday, May 11th. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Robert W. Baird set a $103.00 target price on shares of Ingersoll Rand in a research report on Thursday, April 30th. Finally, Morgan Stanley lowered their price objective on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.75.

Ingersoll Rand Trading Down 2.0%

Shares of Ingersoll Rand stock opened at $70.16 on Thursday. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. 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 $27.46 billion, a P/E ratio of 47.41, a PEG ratio of 4.53 and a beta of 1.19. The company’s fifty day moving average is $78.00 and its two-hundred day moving average is $82.83.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.72 EPS. Ingersoll Rand’s revenue for the quarter was up 7.6% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Analysts forecast that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 14th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 5.41%.

Insider Transactions at Ingersoll Rand

In other news, insider Vicente Reynal sold 30,492 shares of Ingersoll Rand stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the sale, the insider owned 209,534 shares of the company’s stock, valued at $18,438,992. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

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.