Crescent Grove Advisors LLC Takes $1.06 Million Position in Ingersoll Rand Inc. $IR

Crescent Grove Advisors LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, HoldingsChannel reports. The fund bought 13,344 shares of the industrial products company’s stock, valued at approximately $1,057,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Ingersoll Rand by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after acquiring an additional 200,689 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Ingersoll Rand in the third quarter valued at about $1,533,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Ingersoll Rand by 79.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,411 shares of the industrial products company’s stock valued at $2,347,000 after purchasing an additional 12,539 shares during the period. Varma Mutual Pension Insurance Co lifted its stake in shares of Ingersoll Rand by 8.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 154,664 shares of the industrial products company’s stock valued at $12,778,000 after purchasing an additional 12,500 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of Ingersoll Rand by 29.5% in the third quarter. Swiss Life Asset Management Ltd now owns 89,431 shares of the industrial products company’s stock valued at $7,389,000 after purchasing an additional 20,381 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Transactions 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 shares were sold at an average price of $88.00, for a total value of $2,683,296.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

IR has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Evercore set a $84.00 price objective on shares of Ingersoll Rand in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Finally, Robert W. Baird set a $103.00 price objective on shares of Ingersoll Rand in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Hold” and an average price target of $92.75.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $70.16 on Thursday. The company has a market cap of $27.46 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 4.53 and a beta of 1.19. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. The company has a 50-day simple moving average of $78.00 and a 200-day simple moving average of $82.83.

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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a net margin of 7.54% and a return on equity of 12.79%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities 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 will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, May 14th. Ingersoll Rand’s payout ratio is presently 5.41%.

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.