Y Intercept Hong Kong Ltd Makes New Investment in Ingersoll Rand Inc. $IR

Y Intercept Hong Kong Ltd purchased a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 93,700 shares of the industrial products company’s stock, valued at approximately $7,507,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hudson Bay Capital Management LP acquired a new stake in Ingersoll Rand during the 3rd quarter valued at $1,533,000. Nordea Investment Management AB boosted its position 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 worth $177,324,000 after buying an additional 200,689 shares during the period. Capital International Sarl boosted its position 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 worth $40,100,000 after buying an additional 134,035 shares during the period. Capital International Ltd. CA grew its holdings in shares of Ingersoll Rand by 43.8% during 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 buying an additional 65,236 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in Ingersoll Rand by 29.5% during 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 buying an additional 20,381 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ingersoll Rand in a research note on Wednesday, June 24th. Citigroup dropped their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley reduced their price target on shares of Ingersoll Rand from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Barclays decreased their price target on shares of Ingersoll Rand from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Stifel Nicolaus cut their target price on shares of 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $92.75.

Insider Buying and Selling

In other news, insider Vicente Reynal sold 30,492 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $88.00, for a total transaction of $2,683,296.00. Following the transaction, the insider owned 209,534 shares in the company, valued at $18,438,992. This represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Up 0.0%

IR opened at $80.61 on Friday. The company has a market capitalization of $31.54 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.10 and a beta of 1.17. 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 fifty-two week low of $68.07 and a fifty-two week high of $100.96. The business has a 50-day moving average of $75.58 and a 200-day moving average of $82.60.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Ingersoll Rand had a return on equity of 12.79% and a net margin of 7.54%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.37 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 14th. Ingersoll Rand’s payout ratio is currently 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.