Ingersoll Rand Inc. $IR Shares Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Ingersoll Rand Inc. (NYSE:IR) by 66.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 31,098 shares of the industrial products company’s stock after acquiring an additional 12,446 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Ingersoll Rand were worth $2,492,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Ingersoll Rand by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 2,219,327 shares of the industrial products company’s stock valued at $177,324,000 after buying an additional 200,689 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Ingersoll Rand during the third quarter worth $1,533,000. Capital International Sarl boosted its stake in shares of Ingersoll Rand by 38.2% in the third quarter. Capital International Sarl now owns 485,356 shares of the industrial products company’s stock valued at $40,100,000 after purchasing an additional 134,035 shares during the period. Capital International Ltd. CA boosted its stake in shares of Ingersoll Rand by 43.8% in the third quarter. Capital International Ltd. CA now owns 214,251 shares of the industrial products company’s stock valued at $17,701,000 after purchasing an additional 65,236 shares during the period. Finally, Swiss Life Asset Management Ltd grew its holdings in Ingersoll Rand by 29.5% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

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

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $80.61 on Friday. The company has a fifty day moving average price of $75.58 and a two-hundred day moving average price of $82.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.23 and a quick ratio of 1.59. Ingersoll Rand Inc. has a 12 month low of $68.07 and a 12 month high of $100.96. The company has a market cap of $31.54 billion, a PE ratio of 54.46, a P/E/G ratio of 5.10 and a beta of 1.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, beating 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 revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Research analysts expect that Ingersoll Rand Inc. will post 3.37 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is currently 5.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IR shares. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price objective on Ingersoll Rand from $101.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Robert W. Baird set a $103.00 price objective on Ingersoll Rand in a report on Thursday, April 30th. Wall Street Zen lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Citigroup reduced their price objective on shares of Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.75.

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.