Massachusetts Financial Services Co. MA Increases Position in Ingersoll Rand Inc. $IR

Massachusetts Financial Services Co. MA increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 24,176.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,623,131 shares of the industrial products company’s stock after acquiring an additional 1,616,445 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Ingersoll Rand were worth $128,584,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IR. Capital International Investors boosted its position in Ingersoll Rand by 18.5% during the third 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 period. Capital World Investors boosted its position in 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. Capital Research Global Investors boosted its position in Ingersoll Rand by 14.3% during the third 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 period. APG Asset Management N.V. boosted its position in Ingersoll Rand by 134.6% during the third quarter. APG Asset Management N.V. now owns 2,433,972 shares of the industrial products company’s stock valued at $201,095,000 after buying an additional 1,396,421 shares during the period. Finally, Swedbank AB boosted its position in Ingersoll Rand by 141.1% during the third quarter. Swedbank AB now owns 2,249,353 shares of the industrial products company’s stock valued at $185,842,000 after buying an additional 1,316,375 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ingersoll Rand news, insider Vicente Reynal sold 191,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $88.12, for a total transaction of $16,830,920.00. Following the completion of the transaction, the insider owned 193,186 shares of the company’s stock, valued at approximately $17,023,550.32. This trade represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathleen M. Keene sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $99.46, for a total transaction of $1,193,520.00. Following the transaction, the insider directly owned 3,528 shares of the company’s stock, valued at $350,894.88. This represents a 77.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 584,771 shares of company stock valued at $54,976,547 over the last quarter. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on IR shares. Weiss Ratings restated a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Barclays cut their price target on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Citigroup cut their price target on shares of Ingersoll Rand from $117.00 to $113.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Robert W. Baird set a $115.00 price target on shares of Ingersoll Rand in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Hold” and a consensus price target of $99.57.

Ingersoll Rand Price Performance

IR stock opened at $87.77 on Tuesday. Ingersoll Rand Inc. has a 1 year low of $68.97 and a 1 year high of $100.96. The company has a market cap of $34.37 billion, a P/E ratio of 60.53, a PEG ratio of 5.32 and a beta of 1.33. The firm has a 50-day moving average of $88.45 and a 200 day moving average of $83.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.49.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Ingersoll Rand’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 4th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, March 4th. Ingersoll Rand’s dividend payout ratio is presently 5.52%.

About Ingersoll Rand

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.