Mirae Asset Global Investments Co. Ltd. Purchases 11,319 Shares of Ingersoll Rand Inc. $IR

Mirae Asset Global Investments Co. Ltd. grew its position in Ingersoll Rand Inc. (NYSE:IR) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,176 shares of the industrial products company’s stock after purchasing an additional 11,319 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ingersoll Rand were worth $6,589,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IR. Capital International Investors boosted its stake in shares of Ingersoll Rand by 18.5% in 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 last quarter. Capital World Investors boosted its stake in shares of Ingersoll Rand by 19.2% in the 3rd quarter. Capital World Investors now owns 31,787,657 shares of the industrial products company’s stock valued at $2,626,296,000 after purchasing an additional 5,110,668 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Ingersoll Rand by 14.3% in the 3rd 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 purchasing an additional 2,406,183 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Ingersoll Rand by 24,176.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,623,131 shares of the industrial products company’s stock valued at $128,584,000 after purchasing an additional 1,616,445 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Ingersoll Rand by 134.6% in the 3rd 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 purchasing an additional 1,396,421 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IR. Stifel Nicolaus reduced their price objective on shares of Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird set a $115.00 target price on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Friday, March 27th. Finally, Barclays cut their target price on shares of Ingersoll Rand from $111.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $98.00.

Ingersoll Rand Trading Up 0.2%

NYSE IR opened at $85.99 on Tuesday. The firm has a market capitalization of $33.68 billion, a P/E ratio of 59.31, a PEG ratio of 5.37 and a beta of 1.33. The business has a fifty day simple moving average of $87.32 and a 200 day simple moving average of $83.56. Ingersoll Rand Inc. has a 12 month low of $68.97 and a 12 month high of $100.96. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.

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

Insiders Place Their Bets

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 18,246 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the transaction, the insider owned 16,200 shares of the company’s stock, valued at approximately $1,573,182. The trade was a 52.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Humphrey sold 4,300 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of the transaction, the director directly owned 23,983 shares in the company, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 424,263 shares of company stock worth $40,828,923 in the last three months. 0.68% of the stock is owned by corporate insiders.

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.