Banque Cantonale Vaudoise Increases Stock Position in Ingersoll Rand Inc. $IR

Banque Cantonale Vaudoise boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 240.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,603 shares of the industrial products company’s stock after buying an additional 11,023 shares during the period. Banque Cantonale Vaudoise’s holdings in Ingersoll Rand were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IR. Deseret Mutual Benefit Administrators raised its stake in shares of Ingersoll Rand by 46.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Ingersoll Rand by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after buying an additional 138 shares during the last quarter. Groupama Asset Managment increased its holdings in Ingersoll Rand by 1.7% in the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock worth $645,000 after buying an additional 140 shares in the last quarter. Andina Capital Management LLC increased its holdings in Ingersoll Rand by 2.6% in the 4th quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after buying an additional 145 shares in the last quarter. Finally, Compound Planning Inc. raised its position in Ingersoll Rand by 6.0% in the 3rd 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. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

NYSE IR opened at $81.52 on Friday. Ingersoll Rand Inc. has a 52 week low of $68.07 and a 52 week high of $100.96. The firm has a market capitalization of $31.90 billion, a P/E ratio of 55.08, a PEG ratio of 5.15 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $75.96 and a 200-day moving average price of $82.59.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.54% and a return on equity of 12.79%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling at Ingersoll Rand

In related news, insider Vicente Reynal sold 30,492 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the completion of the transaction, the insider directly owned 209,534 shares in the company, valued at approximately $18,438,992. The trade was a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IR shares. Robert W. Baird set a $103.00 price target on shares of Ingersoll Rand in a report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a report on Wednesday. Citigroup cut their target price on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.75.

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.