New York State Teachers Retirement System Has $24.07 Million Stake in Ingersoll Rand Inc. $IR

New York State Teachers Retirement System decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,810 shares of the industrial products company’s stock after selling 11,314 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Ingersoll Rand worth $24,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors boosted its holdings in shares of Ingersoll Rand by 18.5% during 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 acquiring an additional 7,816,194 shares in the last quarter. Capital World Investors boosted its holdings in shares of Ingersoll Rand by 19.2% during 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 acquiring an additional 5,110,668 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Ingersoll Rand by 14.3% during 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 acquiring an additional 2,406,183 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Ingersoll Rand by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,404,452 shares of the industrial products company’s stock valued at $1,190,096,000 after acquiring an additional 1,106,989 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Ingersoll Rand by 0.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,942,711 shares of the industrial products company’s stock worth $573,607,000 after purchasing an additional 28,787 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $77.89 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $84.96 and a two-hundred day moving average price of $83.68. Ingersoll Rand Inc. has a 1-year low of $72.45 and a 1-year high of $100.96. The company has a market cap of $30.48 billion, a P/E ratio of 52.63, a PEG ratio of 4.89 and a beta of 1.25.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. As a group, analysts anticipate that Ingersoll Rand Inc. will post 3.38 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.41%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday. Robert W. Baird set a $103.00 target price on Ingersoll Rand in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research report on Friday, March 27th. Citigroup lowered their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus lowered their target price on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $94.71.

Insider Buying and Selling

In other news, CFO Vikram Kini sold 28,367 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $96.50, for a total value of $2,737,415.50. Following the completion of the sale, the chief financial officer directly owned 98,517 shares in the company, valued at $9,506,890.50. This trade represents a 22.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Humphrey sold 4,300 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $95.90, for a total value of $412,370.00. Following the completion of the sale, the director owned 23,983 shares of the company’s stock, valued at approximately $2,299,969.70. This represents a 15.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 424,263 shares of company stock worth $40,828,923 over the last 90 days. 0.59% of the stock is owned by company insiders.

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.