Ingersoll Rand Inc. $IR Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,558 shares of the industrial products company’s stock after selling 6,526 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ingersoll Rand were worth $16,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 3rd quarter worth approximately $36,000. Westside Investment Management Inc. increased its holdings in shares of Ingersoll Rand by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after buying an additional 232 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Ingersoll Rand by 55.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock worth $40,000 after buying an additional 173 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Ingersoll Rand by 106.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock worth $48,000 after buying an additional 301 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in shares of Ingersoll Rand by 6,210.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 631 shares of the industrial products company’s stock worth $52,000 after buying an additional 621 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a report on Friday, March 27th. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Barclays dropped their target price on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Hold” and a consensus price target of $98.00.

Ingersoll Rand Stock Down 1.2%

Ingersoll Rand stock opened at $83.76 on Thursday. Ingersoll Rand Inc. has a fifty-two week low of $72.45 and a fifty-two week high of $100.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 2.06. The firm has a 50 day moving average price of $86.80 and a 200 day moving average price of $83.57. The company has a market capitalization of $32.80 billion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 5.31 and a beta of 1.33.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.41 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th were paid a $0.02 dividend. 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 5.52%.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.67, for a total value of $1,867,645.74. Following the completion of the transaction, the chief accounting officer owned 12,153 shares in the company, valued at $1,186,983.51. The trade was a 61.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathleen M. Keene sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the completion of the transaction, the insider owned 3,528 shares of the company’s stock, valued at approximately $350,894.88. This trade represents a 77.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 424,263 shares of company stock valued at $40,828,923. Corporate insiders own 0.59% of the company’s stock.

Ingersoll Rand Company 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.