Banque Cantonale Vaudoise Acquires 11,023 Shares of Ingersoll Rand Inc. $IR

Banque Cantonale Vaudoise raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 240.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,603 shares of the industrial products company’s stock after buying an additional 11,023 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Ingersoll Rand were worth $1,250,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IR. Capital International Investors increased its position in Ingersoll Rand by 18.5% during 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 purchasing an additional 7,816,194 shares during the period. Norges Bank bought a new stake in shares of Ingersoll Rand during the 4th quarter valued at about $407,915,000. Capital World Investors increased its position in shares of Ingersoll Rand by 19.2% during 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 period. T. Rowe Price Investment Management Inc. increased its position in shares of Ingersoll Rand by 18.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,791,309 shares of the industrial products company’s stock valued at $1,726,308,000 after buying an additional 3,423,501 shares during the period. Finally, Capital Research Global Investors raised its stake in 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 worth $1,590,818,000 after buying an additional 2,406,183 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on IR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Wednesday. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research report on Thursday, April 30th. Evercore set a $84.00 price target on Ingersoll Rand in a research report on Monday, May 11th. Morgan Stanley reduced their price target on Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.75.

Ingersoll Rand Price Performance

Shares of IR opened at $81.52 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $68.07 and a fifty-two week high of $100.96. The firm’s 50-day simple moving average is $75.96 and its two-hundred day simple moving average is $82.59. The stock has a market cap of $31.90 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of 5.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.23.

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

Ingersoll Rand Dividend Announcement

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

Insider Activity 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 stock was sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.